Interfor (TSE:IFP) Sets New 52-Week Low – Time to Sell?

Interfor Co. (TSE:IFP)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as C$15.01 and last traded at C$15.07, with a volume of 60805 shares. The stock had previously closed at C$15.28.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on IFP shares. Scotiabank downgraded Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd. Raymond James lowered their price target on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock 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 on the stock in a report on Friday, December 20th. Finally, CIBC reduced their price objective on Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Interfor presently has a consensus rating of “Moderate Buy” and an average target price of C$23.67.

Interfor Stock Performance

The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. The business has a 50-day simple moving average of C$16.67 and a 200 day simple moving average of C$18.10. The firm has a market cap of C$772.13 million, a PE ratio of -1.82 and a beta of 2.54.

Insiders Place Their Bets

In other Interfor news, Director Ian Fillinger acquired 3,150 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was purchased at an average price of C$16.29 per share, with a total value of C$51,304.05. 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.