Interfor (TSE:IFP) Shares Pass Below 200-Day Moving Average - Here's Why

Shares of Interfor Co. (TSE:IFP - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.99 and traded as low as C$12.38. Interfor shares last traded at C$12.49, with a volume of 130,309 shares traded.

Analysts Set New Price Targets

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

Interfor Stock Up 0.2%

The firm's fifty day moving average price is C$13.50 and its 200-day moving average price is C$15.86. The company has a market capitalization of C$678.39 million, a price-to-earnings ratio of -1.60 and a beta of 2.54. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15.

Insider Transactions at Interfor

In related news, Director Ian Fillinger purchased 3,400 shares of the stock in a transaction dated Monday, March 17th. The stock was bought at an average cost of C$14.95 per share, for a total transaction of C$50,820.14. Company insiders own 0.94% of the company's stock.

Interfor Company Profile

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.