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

Interfor Co. (TSE:IFP) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$15.16 and last traded at C$15.29, with a volume of 15575 shares trading hands. The stock had previously closed at C$15.62.

Wall Street Analyst Weigh In

A number of research firms have commented on IFP. TD Securities reduced their price objective on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Raymond James lowered 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 report on Thursday, January 30th. Royal Bank of Canada lowered their price target on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Scotiabank lowered shares of Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday. Finally, CIBC lowered their target price on Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$23.67.

Interfor Stock Down 2.1 %

The stock has a fifty day moving average price of C$16.91 and a two-hundred day moving average price of C$18.18. The company has a market cap of C$791.81 million, a price-to-earnings ratio of -1.87 and a beta of 2.54. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

Insider Buying and Selling

In related news, Director Ian Fillinger purchased 3,150 shares of Interfor stock in a transaction dated Monday, December 30th. The shares were bought at an average cost of C$16.29 per share, for a total transaction of C$51,304.05. 0.94% of the stock is currently owned by company insiders.

About Interfor

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.