Interfor (TSE:IFP) Sets New 1-Year Low - Time to Sell?

Key Points

• Interfor Co. shares hit a new 52-week low at C$11.06 during recent trading, closing at C$11.20 with a trading volume of 384,723 shares.
• Analysts have downgraded Interfor's stock ratings, with Scotiabank lowering its price target from C$20.00 to C$18.00, and Raymond James adjusting their target from C$22.00 to C$19.00.
• Interfor currently has a market capitalization of C$576.28 million, a P/E ratio of -3.21, and an overall consensus rating of "Hold" with a price target of C$18.20.

Interfor Co. (TSE:IFP - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as C$11.06 and last traded at C$11.20, with a volume of 384723 shares changing hands. The stock had previously closed at C$11.33.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Scotiabank dropped their price objective on shares of Interfor from C$20.00 to C$18.00 and set a "sector perform" rating for the company in a report on Monday, August 11th. Raymond James Financial lowered Interfor from a "strong-buy" rating to a "moderate buy" rating and dropped their price target for the company from C$22.00 to C$19.00 in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Interfor currently has a consensus rating of "Hold" and a consensus price target of C$18.20.

Interfor Stock Performance

The company has a market capitalization of C$576.28 million, a P/E ratio of -3.21 and a beta of 2.65. The business has a 50-day moving average of C$12.73 and a 200-day moving average of C$13.36. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15.

About Interfor

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.

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