Shares of Interfor Co. (TSE:IFP - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as C$10.05 and last traded at C$10.15, with a volume of 334136 shares trading hands. The stock had previously closed at C$10.22.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Scotiabank lowered their price target on Interfor from C$20.00 to C$18.00 and set a "sector perform" rating for the company in a research note on Monday, August 11th. Raymond James Financial cut 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 research note on Tuesday, July 22nd. Finally, CIBC lowered their price target on Interfor from C$14.00 to C$12.00 and set a "neutral" rating for the company in a research note on Monday. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$17.20.
Check Out Our Latest Stock Analysis on IFP
Interfor Stock Down 0.7%
The company has a market capitalization of C$522.26 million, a P/E ratio of -2.91 and a beta of 2.65. The firm's 50 day moving average price is C$12.53 and its two-hundred day moving average price is C$13.21. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24.
About Interfor
(
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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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