Royal Bank of Canada Cuts Interfor (TSE:IFP) Price Target to C$18.00

Interfor (TSE:IFP) had its price objective decreased by Royal Bank of Canada from C$21.00 to C$18.00 in a research report report published on Tuesday, BayStreet.CA reports.

Several other brokerages have also issued reports on IFP. TD Securities raised their target price on Westshore Terminals Investment from C$20.00 to C$21.00 and gave the stock a hold rating in a research report on Monday, May 6th. CIBC upgraded Cornerstone Progressive Return Fund from an average rating to a buy rating and set a $14.00 price target for the company in a report on Tuesday, June 18th. Raymond James set a $60.00 price target on Banner and gave the stock a buy rating in a report on Friday, May 3rd. Finally, BMO Capital Markets reiterated a buy rating and set a $10.50 price target on shares of Switch in a report on Tuesday, March 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of C$18.60.

Shares of TSE:IFP opened at C$12.29 on Tuesday. The company has a market cap of $938.15 million and a price-to-earnings ratio of 13.43. The company has a debt-to-equity ratio of 33.37, a quick ratio of 1.35 and a current ratio of 3.05. Interfor has a 12-month low of C$11.23 and a 12-month high of C$26.06. The stock’s fifty day moving average is C$13.09.

Interfor (TSE:IFP) last announced its earnings results on Thursday, May 2nd. The company reported C($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.15) by C($0.04). The company had revenue of C$451.16 million during the quarter. On average, equities analysts anticipate that Interfor will post 0.96 earnings per share 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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