Interfor (TSE:IFP) Sets New 52-Week Low - Here's Why

Interfor Co. (TSE:IFP - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as C$13.25 and last traded at C$13.34, with a volume of 6558 shares trading hands. The stock had previously closed at C$14.04.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IFP shares. Royal Bank of Canada lowered their price objective on shares of Interfor from C$27.00 to C$26.00 and set an "outperform" rating for the company in a report on Friday, December 20th. Raymond James lowered their price target on shares of Interfor from C$30.00 to C$26.00 and set a "strong-buy" rating for the company in a research note on Thursday, January 30th. Scotiabank cut Interfor from an "outperform" rating to a "sector perform" rating in a research note on Monday, March 3rd. Finally, CIBC lowered their target price on Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$23.67.

Interfor Trading Down 0.4 %

The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24. The company has a market capitalization of C$721.38 million, a PE ratio of -1.70 and a beta of 2.54. The stock's fifty day moving average price is C$15.54 and its two-hundred day moving average price is C$17.68.

Insiders Place Their Bets

In related news, Director Ian Fillinger bought 3,400 shares of the company's stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of C$14.95 per share, with a total value of C$50,820.14. Company 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.