Brokerages Set Interfor Co. (TSE:IFP) Price Target at C$12.60

Shares of Interfor Co. (TSE:IFP) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$12.60.

A number of research firms recently commented on IFP. Cibc Captl Mkts lowered Interfor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. TD Securities reduced their price objective on shares of Interfor from C$15.00 to C$12.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. CIBC lowered shares of Interfor from a “neutral” rating to an “underperform” rating and dropped their target price for the company from C$9.00 to C$8.00 in a report on Tuesday, December 9th. Raymond James Financial decreased their price target on Interfor from C$15.00 to C$12.00 and set an “outperform” rating for the company in a report on Tuesday, November 25th. Finally, Royal Bank Of Canada lowered their price objective on Interfor from C$14.00 to C$13.00 and set an “outperform” rating for the company in a research report on Thursday, December 18th.

Interfor Stock Up 0.8%

Shares of TSE:IFP opened at C$8.75 on Friday. Interfor has a 52-week low of C$7.05 and a 52-week high of C$18.78. The company has a fifty day moving average of C$8.12 and a 200-day moving average of C$10.53. 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 company has a market capitalization of C$575.37 million, a PE ratio of -1.55 and a beta of 2.48.

Interfor (TSE:IFP) last released its quarterly earnings results on Thursday, November 6th. The company reported C($4.19) earnings per share for the quarter. Interfor had a negative return on equity of 25.85% and a negative net margin of 13.82%.The firm had revenue of C$689.30 million for the quarter. On average, equities analysts predict that Interfor will post 2.8616667 EPS for the current fiscal year.

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. The company’s primary customers are in the construction and renovation industries. The majority of revenue is generated from the sale of lumber.