Interfor (TSE:IFP) Sets New 1-Year Low – Here’s Why

Shares of Interfor Co. (TSE:IFP) reached a new 52-week low on Wednesday . The company traded as low as C$14.58 and last traded at C$15.21, with a volume of 269413 shares. The stock had previously closed at C$14.70.

Wall Street Analysts Forecast Growth

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

Interfor Price Performance

The company’s 50 day moving average price is C$16.53 and its 200 day moving average price is C$18.05. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69. The company has a market cap of C$814.07 million, a price-to-earnings ratio of -1.92 and a beta of 2.54.

Insider Buying and Selling at Interfor

In other Interfor news, Director Ian Fillinger acquired 3,400 shares of the business’s stock in a transaction on Monday, March 17th. The stock was purchased at an average price of C$14.95 per share, for a total transaction of C$50,820.14. Company insiders own 0.94% of the company’s stock.

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.