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

Interfor Co. (TSE:IFP) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$13.25 and last traded at C$13.34, with a volume of 6558 shares traded. The stock had previously closed at C$14.04.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. CIBC cut their price target on Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Scotiabank lowered Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. Royal Bank of Canada decreased their price target 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, Raymond James cut their price target on shares of 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. Four analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$23.67.

Interfor Price Performance

The stock has a market capitalization of C$747.27 million, a P/E ratio of -1.76 and a beta of 2.54. The company has a 50 day moving average of C$15.77 and a 200-day moving average of C$17.80. 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 Transactions at Interfor

In related news, Director Ian Fillinger bought 3,400 shares of the stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of C$14.95 per share, with a total value of C$50,820.14. 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.