Interfor (TSE:IFP) Stock Breaks Above Fifty Day Moving Average – What’s Next?

Interfor Co. (TSE:IFP) shares passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$13.88 and traded as high as C$15.40. Interfor shares last traded at C$15.24, with a volume of 325,333 shares changing hands.

Analyst Ratings Changes

IFP has been the subject of several research analyst reports. Raymond James Financial upgraded shares of Interfor from a “moderate buy” rating to a “strong-buy” rating and upped their price target for the company from C$17.00 to C$21.00 in a report on Tuesday, September 15th. TD boosted their price objective on shares of Interfor from C$14.00 to C$16.00 and gave the company a “hold” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$14.17.

Interfor Price Performance

The company has a current ratio of 1.96, a quick ratio of 1.15 and a debt-to-equity ratio of 71.48. The company has a 50 day simple moving average of C$13.92 and a 200 day simple moving average of C$11.72. The stock has a market cap of C$955.59 million, a P/E ratio of -2.16 and a beta of 1.75.

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.