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

Interfor Co. (TSE:IFP - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$12.69 and last traded at C$12.85, with a volume of 11327 shares traded. The stock had previously closed at C$12.93.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IFP. Raymond James decreased their price objective on shares of Interfor from C$26.00 to C$22.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 30th. Royal Bank of Canada reduced their price target on Interfor from C$26.00 to C$21.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. CIBC dropped their price objective on Interfor from C$20.00 to C$17.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. TD Securities reduced their target price on Interfor from C$20.00 to C$16.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, Scotiabank decreased their target price on Interfor from C$22.50 to C$20.00 in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of C$20.00.

Interfor Price 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 business has a 50 day moving average price of C$14.04 and a 200-day moving average price of C$16.28. The company has a market capitalization of C$658.20 million, a price-to-earnings ratio of -1.55 and a beta of 2.54.

Insider Buying and Selling at Interfor

In related news, Director Ian Fillinger purchased 3,400 shares of Interfor stock in a transaction on Monday, March 17th. The stock was acquired at an average cost of C$14.95 per share, for a total transaction of C$50,820.14. Insiders own 0.94% of the company's stock.

Interfor Company Profile

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.