Royal Bank Of Canada Lowers Interfor (TSE:IFP) Price Target to C$17.00

Interfor (TSE:IFP) had its price target decreased by Royal Bank Of Canada from C$19.00 to C$17.00 in a research report report published on Thursday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on IFP. Raymond James Financial cut Interfor from a “strong-buy” rating to a “moderate buy” rating and cut their target price for the company from C$22.00 to C$19.00 in a research note on Tuesday, July 22nd. CIBC cut their price objective on shares of Interfor from C$14.00 to C$12.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Finally, Scotiabank cut their price objective on shares of Interfor from C$20.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Interfor has a consensus rating of “Hold” and a consensus target price of C$15.60.

Interfor Stock Performance

IFP stock opened at C$9.93 on Thursday. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69. The stock has a market capitalization of C$510.94 million, a price-to-earnings ratio of -2.85 and a beta of 2.65. Interfor has a 1 year low of C$9.82 and a 1 year high of C$21.44. The stock’s fifty day moving average is C$12.34 and its two-hundred day moving average is C$13.11.

About Interfor

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests.