Interfor (TSE:IFP) Sets New 1-Year Low - What's Next?

Key Points

• Shares of Interfor Co. hit a new 52-week low of C$12.11, closing at C$12.15 with a trading volume of 296,712 shares.
• Raymond James Financial downgraded Interfor from a "strong-buy" to a "moderate buy" and reduced the target price from C$22.00 to C$19.00.
• The company has a market cap of C$625.68 million and currently holds an average rating of "Hold" with a target price of C$18.20.

Shares of Interfor Co. (TSE:IFP - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$12.11 and last traded at C$12.15, with a volume of 296712 shares trading hands. The stock had previously closed at C$12.60.

Wall Street Analysts Forecast Growth

Several analysts recently commented on IFP shares. Scotiabank dropped their price objective on Interfor from C$20.00 to C$18.00 and set a "sector perform" rating on the stock in a research note on Monday, August 11th. Raymond James Financial cut Interfor from a "strong-buy" rating to a "moderate buy" rating and cut their price objective for the company from C$22.00 to C$19.00 in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$18.20.

Interfor Stock Performance

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 capitalization of C$589.66 million, a P/E ratio of -3.28 and a beta of 2.65. The stock's fifty day moving average price is C$12.80 and its 200-day moving average price is C$13.39.

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.