Royal Bank Of Canada Cuts Interfor (TSE:IFP) Price Target to C$13.00

Interfor (TSE:IFP) had its price objective lowered by Royal Bank Of Canada from C$14.00 to C$13.00 in a research note released on Thursday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. CIBC cut shares of Interfor from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from C$9.00 to C$8.00 in a research report on Tuesday, December 9th. Cibc Captl Mkts cut shares of Interfor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. Raymond James Financial dropped their price target on Interfor from C$15.00 to C$12.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Finally, TD Securities cut their price objective on Interfor from C$15.00 to C$12.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$12.60.

Interfor Stock Down 5.8%

Shares of IFP opened at C$7.99 on Thursday. The firm has a 50 day simple moving average of C$8.07 and a two-hundred day simple moving average of C$10.94. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. Interfor has a one year low of C$7.05 and a one year high of C$18.78. The company has a market cap of C$525.40 million, a P/E ratio of -1.42 and a beta of 2.45.

Interfor (TSE:IFP) last released its quarterly earnings data on Thursday, November 6th. The company reported C($4.19) earnings per share for the quarter. The business had revenue of C$689.30 million during the quarter. Interfor had a negative net margin of 13.82% and a negative return on equity of 25.85%. Research analysts forecast 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.