Interfor (TSE:IFP) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Posted by Lauren Steadman on Jan 10th, 2025

Interfor Co. (TSE:IFP – Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$18.70 and traded as low as C$17.27. Interfor shares last traded at C$17.34, with a volume of 98,660 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IFP. TD Securities cut their target price on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and increased their price objective for the company from C$26.00 to C$30.00 in a report on Tuesday, October 22nd. Royal Bank of Canada dropped their target price on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Finally, CIBC lifted their price target on shares of Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$24.83.

View Our Latest Stock Analysis on Interfor

Interfor Trading Up 0.4 %

The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. The stock’s 50 day moving average is C$18.64 and its 200-day moving average is C$18.11. The company has a market cap of C$857.67 million, a PE ratio of -2.38 and a beta of 2.54.

Insiders Place Their Bets

In other news, Director Ian Fillinger acquired 3,150 shares of the company’s stock in a transaction on Monday, December 30th. The stock was bought at an average cost of C$16.29 per share, with a total value of C$51,304.05. 0.94% of the stock is currently owned by insiders.

About Interfor

(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.