Interfor (TSE:IFP) Share Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• Interfor shares recently surpassed their 50-day moving average, trading at C$12.54 with a high of C$13.10.
• Analysts have adjusted their price targets for Interfor, with Scotiabank lowering it from C$20.00 to C$18.00 and Raymond James reducing theirs from C$22.00 to C$19.00.
• The company has a market capitalization of C$645.23 million and a current ratio of 1.69, indicating good short-term financial health.

Interfor Co. (TSE:IFP - Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$12.88 and traded as high as C$13.10. Interfor shares last traded at C$12.54, with a volume of 324,470 shares trading hands.

Analyst Ratings Changes

Several analysts have recently weighed in on IFP shares. Raymond James Financial downgraded shares of Interfor from a "strong-buy" rating to a "moderate buy" rating and reduced their price objective for the stock from C$22.00 to C$19.00 in a research report on Tuesday, July 22nd. Scotiabank reduced their target price on 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 analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Interfor presently has an average rating of "Hold" and an average price target of C$18.20.

Interfor Stock Performance

The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The stock has a market capitalization of C$625.68 million, a price-to-earnings ratio of -3.48 and a beta of 2.65. The stock's 50 day moving average is C$12.84 and its 200 day moving average is C$13.44.

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.