Interfor (TSE:IFP) Share Price Crosses Above Fifty Day Moving Average - What's Next?

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.

Interfor Co. (TSE:IFP - Get Free Report)'s stock price passed 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.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IFP shares. Raymond James Financial cut shares of Interfor from a "strong-buy" rating to a "moderate buy" rating and reduced their price objective for the company from C$22.00 to C$19.00 in a report on Tuesday, July 22nd. Scotiabank reduced 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. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$18.20.

Interfor Price Performance

The stock has a market capitalization of C$699.11 million, a price-to-earnings ratio of -1.65 and a beta of 2.54. The business's fifty day moving average price is C$12.88 and its 200-day moving average price is C$13.88. 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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