Interfor (TSE:IFP) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Key Points

• Interfor (TSE:IFP) shares recently surpassed their fifty day moving average of C$12.88, trading as high as C$13.51 with a last sale price of C$13.50.
• Wall Street analysts have adjusted their ratings for Interfor, with Raymond James reducing its rating from "strong-buy" to "moderate buy" and cutting the price target from C$22.00 to C$19.00.
• The company's market capitalization is approximately C$699.11 million, and it has a consensus rating of "Hold" with a price target of C$18.20 among analysts.

Shares of Interfor Co. (TSE:IFP - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$12.88 and traded as high as C$13.51. Interfor shares last traded at C$13.50, with a volume of 736,147 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Scotiabank dropped their price target 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. Raymond James Financial lowered Interfor from a "strong-buy" rating to a "moderate buy" rating and dropped their target price for the stock from C$22.00 to C$19.00 in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Interfor has an average rating of "Hold" and a consensus price target of C$18.20.

Interfor Trading Down 0.8%

The business has a fifty day moving average of C$12.87 and a 200-day moving average of C$13.78. The stock has a market capitalization of C$651.41 million, a price-to-earnings ratio of -3.63 and a beta of 2.61. 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.