Royal Bank of Canada Lowers Expectations for Interfor Stock Price

Interfor (TSE:IFP) has seen a reduction in its price target set by analysts at the Royal Bank of Canada, which decreased from C$27.00 to C$26.00 according to a report released on Friday. The brokerage has maintained an "outperform" rating for the stock. This new price target suggests that there is a potential upside of 53.48% when compared to the stock's previous closing price.

Other financial institutions have also weighed in on Interfor. On November 8th, TD Securities lowered their target price from C$23.00 to C$22.00. In contrast, Raymond James upgraded the stock from an "outperform" to a "strong-buy" rating, increasing their price target from C$26.00 to C$30.00 in a report dated October 22nd. Additionally, CIBC raised their target price on Interfor's shares from C$22.00 to C$23.00 on the same November day. Overall, the consensus from analysts includes three ratings of hold, two buys, and two strong buys, giving the stock a moderate buy rating along with an average price target of C$24.83.

Interfor Stock Performance

On Friday, Interfor's stock traded up by C$0.24, reaching a price of C$16.94. Trading volume was recorded at 78,033 shares, lower than the average volume of 158,507 shares. Over the past twelve months, Interfor has seen a low of C$15.35 and a high of C$25.59. Current averages for the stock indicate a fifty-day moving average of C$19.58 and a 200-day moving average of C$18.20. Financial ratios show a quick ratio of 1.15, a current ratio of 2.02, and a debt-to-equity ratio of 62.31. Interfor currently holds a market capitalization of C$871.56 million and has a PE ratio of -2.42, with a beta of 2.54.

Insider Buying and Selling

In recent insider trading activities, Director Ian Fillinger purchased 5,490 shares of Interfor on December 12th at an average price of C$18.48 per share, totaling a transaction value of C$101,433.24. Currently, company insiders hold about 0.94% of the stock.

Interfor Company Profile

Interfor Corporation operates in the wood product industry, producing and selling various wood products across Canada, the U.S., Japan, China, Taiwan, and internationally. The company specializes in products including decking, framing materials, paneling, and other wood-related products for both structural and appearance uses.

Interfor, Stock, RoyalBank