Interfor (TSE:IFP) Reaches New 12-Month Low – What’s Next?

Interfor Co. (TSE:IFPGet Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$14.25 and last traded at C$14.31, with a volume of 20436 shares changing hands. The stock had previously closed at C$14.79.

Analysts Set New Price Targets

Several research analysts have commented on IFP shares. Raymond James decreased their target price on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 30th. Royal Bank of Canada decreased their price objective on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Scotiabank downgraded Interfor from an “outperform” rating to a “sector perform” rating in a research note on Monday, March 3rd. Finally, CIBC decreased their price target on Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Interfor currently has an average rating of “Moderate Buy” and a consensus price target of C$23.67.

Check Out Our Latest Stock Analysis on IFP

Interfor Trading Up 0.7 %

The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The firm has a 50-day moving average price of C$16.21 and a 200-day moving average price of C$17.98. The company has a market capitalization of C$779.90 million, a price-to-earnings ratio of -1.84 and a beta of 2.54.

Insider Buying and Selling

In other Interfor news, Director Ian Fillinger bought 3,400 shares of Interfor stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of C$14.95 per share, for a total transaction of C$50,820.14. 0.94% of the stock is owned by corporate insiders.

Interfor Company Profile

(Get Free Report)

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.

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