Interfor (TSE:IFP) Stock Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Interfor Co. (TSE:IFP) has seen its shares dip below the 200-day moving average, trading as low as C$12.38 while the moving average is C$14.50.
• Several analysts have downgraded Interfor's stock ratings, with Raymond James lowering its price target from C$22.00 to C$19.00, reflecting a more cautious outlook.
• The current consensus rating for Interfor's stock is "Hold", with an average price target of C$18.60, indicating mixed investor sentiment.

Interfor Co. (TSE:IFP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.50 and traded as low as C$12.38. Interfor shares last traded at C$12.46, with a volume of 162,463 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. CIBC dropped their price target on Interfor from C$20.00 to C$17.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. TD Securities reduced their price target on Interfor from C$20.00 to C$16.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Scotiabank reduced their price objective on Interfor from C$22.50 to C$20.00 in a report on Monday, May 12th. Royal Bank Of Canada cut their price target on Interfor from C$26.00 to C$21.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Raymond James Financial downgraded Interfor from a "strong-buy" rating to a "moderate buy" rating and cut their price target for the company from C$22.00 to C$19.00 in a report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of C$18.60.

Interfor Stock Down 0.3%

The business has a 50 day simple moving average of C$12.94 and a 200 day simple moving average of C$14.40. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. The company has a market capitalization of C$643.18 million, a price-to-earnings ratio of -1.52 and a beta of 2.54.

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.