Interfor (TSE:IFP) Shares Cross Above 50-Day Moving Average - Here's What Happened

Shares of Interfor Co. (TSE:IFP - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$13.14 and traded as high as C$13.38. Interfor shares last traded at C$13.31, with a volume of 92,124 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IFP shares. Royal Bank Of Canada decreased their price objective on shares of Interfor from C$26.00 to C$21.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. CIBC dropped their target price on Interfor from C$20.00 to C$17.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Scotiabank decreased their price target on Interfor from C$22.50 to C$20.00 in a research note on Monday, May 12th. Raymond James Financial lowered their price target on Interfor from C$26.00 to C$22.00 and set a "sector perform" rating on the stock in a research report on Wednesday, April 30th. Finally, TD Securities dropped their price objective on Interfor from C$20.00 to C$16.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$20.00.

Interfor Trading Up 1.0%

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 capitalization of C$689.27 million, a P/E ratio of -1.63 and a beta of 2.54. The firm has a 50 day moving average price of C$13.14 and a two-hundred day moving average price of C$15.01.

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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