Interfor (TSE:IFP) Sets New 1-Year High – Still a Buy?

Interfor Co. (TSE:IFP)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$15.10 and last traded at C$15.07, with a volume of 172676 shares changing hands. The stock had previously closed at C$14.04.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IFP shares. Raymond James Financial raised their price target on Interfor from C$13.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. TD increased their target price on Interfor from C$14.00 to C$16.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Interfor Price Performance

The company has a debt-to-equity ratio of 71.48, a current ratio of 1.96 and a quick ratio of 1.15. The company’s 50-day simple moving average is C$12.78 and its 200-day simple moving average is C$10.98. The stock has a market capitalization of C$1.00 billion, a P/E ratio of -2.26 and a beta of 1.63.

About Interfor

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.