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

Key Points

• Interfor (TSE:IFP) has reached a new 52-week low, trading at C$12.15, reflecting a significant drop from its previous closing price of C$12.46.
• Recent analyst reports have downgraded Interfor's price targets, with Royal Bank of Canada reducing it from C$26.00 to C$21.00, indicating a cautious outlook for the stock.
• The stock currently holds a consensus rating of "Hold" with an average target price of C$18.60, as assessed by several research analysts.

Shares of Interfor Co. (TSE:IFP - Get Free Report) reached a new 52-week low on Friday . The company traded as low as C$12.15 and last traded at C$12.19, with a volume of 18215 shares. The stock had previously closed at C$12.46.

Wall Street Analyst Weigh In

A number of research firms recently commented on IFP. CIBC dropped their price objective on Interfor from C$20.00 to C$17.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Raymond James Financial cut Interfor from a "strong-buy" rating to a "moderate buy" rating and cut their target price for the company from C$22.00 to C$19.00 in a research note on Tuesday, July 22nd. TD Securities reduced their price target on Interfor from C$20.00 to C$16.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Scotiabank reduced their price target on Interfor from C$22.50 to C$20.00 in a research report on Monday, May 12th. Finally, Royal Bank Of Canada dropped their price objective on Interfor from C$26.00 to C$21.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$18.60.

Interfor Stock Performance

The stock has a 50 day simple moving average of C$12.93 and a 200 day simple moving average of C$14.36. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The stock has a market cap of C$651.47 million, a P/E ratio of -1.54 and a beta of 2.54.

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.