Interfor (TSE:IFP) Hits New 1-Year Low – Should You Sell?

Interfor Co. (TSE:IFP)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$15.30 and last traded at C$15.37, with a volume of 11810 shares trading hands. The stock had previously closed at C$15.74.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IFP shares. Raymond James lowered their price target 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. CIBC decreased their price objective on Interfor from C$23.00 to C$22.00 in a report on Wednesday, January 15th. Royal Bank of Canada dropped their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. Finally, TD Securities decreased their price target on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$24.00.

Interfor Trading Down 1.3 %

The company has a 50 day simple moving average of C$17.48 and a two-hundred day simple moving average of C$18.25. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The firm has a market cap of C$799.02 million, a PE ratio of -2.22 and a beta of 2.54.

Insider Transactions at Interfor

In related news, Director Ian Fillinger purchased 5,490 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of C$18.48 per share, for a total transaction of C$101,433.24. Company insiders own 0.94% of the company’s stock.

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 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.