CIBC Cuts Interfor (IFP) Price Target to C$19.00

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Interfor (TSE:IFP) had its price target dropped by analysts at CIBC from C$20.00 to C$19.00 in a note issued to investors on Tuesday, BayStreet.CA reports. CIBC’s price target suggests a potential upside of 34.66% from the stock’s current price.

Several other research analysts have also recently issued reports on IFP. Royal Bank of Canada decreased their price objective on shares of Interfor from C$25.00 to C$20.00 in a report on Tuesday, January 8th. Raymond James reiterated a “strong-buy” rating and issued a C$24.00 price objective on shares of Interfor in a report on Friday, February 8th. BMO Capital Markets reiterated an “outperform” rating and issued a C$18.00 price objective on shares of Interfor in a report on Tuesday, March 12th. Finally, TD Securities decreased their price objective on shares of Interfor from C$22.00 to C$21.00 in a report on Monday, March 25th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$19.40.

Interfor stock opened at C$14.11 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 3.12 and a debt-to-equity ratio of 28.01. The company has a market capitalization of $1.06 billion and a PE ratio of 8.82. Interfor has a 12-month low of C$13.26 and a 12-month high of C$27.27.

Interfor (TSE:IFP) last posted its quarterly earnings data on Thursday, February 7th. The company reported C($0.29) earnings per share (EPS) for the quarter. The firm had revenue of C$468.54 million for the quarter. As a group, sell-side analysts anticipate that Interfor will post 1.2999998882064 EPS for the current fiscal year.

Interfor Company Profile

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers wooden products for appearance timbers, decking, fascia and trims, framings, furniture, industrial packaging, Japan zairai, millworks, paneling, sidings, trusses, and windows and doors.

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Analyst Recommendations for Interfor (TSE:IFP)

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