Interfor (TSE:IFP) Reaches New 12-Month Low - Time to Sell?

Key Points

• Interfor Co. shares have reached a new 12-month low, trading at C$9.78, with analysts suggesting a cautious outlook following multiple downgrades in price targets.
• Several major banks have reduced their price targets for Interfor, with Scotiabank lowering theirs from C$20.00 to C$18.00, indicating a predominantly neutral to hold sentiment among analysts.
• The company has a market cap of C$656.25 million and a concerning price-to-earnings ratio of -2.86, illustrating financial challenges despite a slight recent uptick in trading.

Interfor Co. (TSE:IFP - Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as C$9.78 and last traded at C$9.98, with a volume of 577149 shares trading hands. The stock had previously closed at C$9.93.

Wall Street Analysts Forecast Growth

IFP has been the topic of several research reports. Scotiabank dropped their price objective on shares of Interfor from C$20.00 to C$18.00 and set a "sector perform" rating on the stock in a report on Monday, August 11th. CIBC lowered their price target on Interfor from C$14.00 to C$12.00 and set a "neutral" rating on the stock in a research note on Monday, September 29th. Royal Bank Of Canada decreased their price objective on Interfor from C$19.00 to C$17.00 and set an "outperform" rating on the stock in a report on Thursday, October 2nd. TD Securities cut their target price on Interfor from C$15.00 to C$12.00 and set a "hold" rating for the company in a research note on Thursday, October 2nd. Finally, Raymond James Financial lowered shares of Interfor from a "strong-buy" rating to a "moderate buy" rating and lowered their price target 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, Interfor has an average rating of "Hold" and an average target price of C$15.60.

Interfor Trading Up 0.5%

The company's 50-day moving average is C$12.28 and its 200-day moving average is C$13.05. 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 firm has a market cap of C$656.25 million, a price-to-earnings ratio of -2.86 and a beta of 2.29.

Interfor Company Profile

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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