Interfor (TSE:IFP) Hits New 52-Week Low - What's Next?

Key Points

• Interfor Co. (TSE:IFP) reached a new 52-week low at C$8.86, with last trading at C$8.89 during mid-day on Tuesday.
• Multiple research firms have reduced their price targets for Interfor, with CIBC and TD Securities setting targets at C$12.00 and Royal Bank Of Canada at C$17.00.
• The stock currently has a consensus rating of "Hold" and a consensus target price of C$14.80 from analysts.

Interfor Co. (TSE:IFP - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$8.86 and last traded at C$8.89, with a volume of 75827 shares. The stock had previously closed at C$8.92.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IFP. CIBC cut their price objective on Interfor from C$14.00 to C$12.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th. TD Securities cut their price objective on Interfor from C$15.00 to C$12.00 and set a "hold" rating on the stock in a research report on Thursday, October 2nd. Scotiabank cut 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 report on Monday, August 11th. Royal Bank Of Canada cut their price objective on Interfor from C$19.00 to C$17.00 and set an "outperform" rating on the stock in a research report on Thursday, October 2nd. Finally, Raymond James Financial cut their price objective on Interfor from C$19.00 to C$15.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$14.80.

Interfor Stock Down 1.6%

The company's fifty day moving average price is C$11.97 and its 200-day moving average price is C$12.83. The stock has a market capitalization of C$577.35 million, a PE ratio of -2.52 and a beta of 2.29. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

About Interfor

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests.

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