Interfor (TSE:IFP) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Interfor's stock has fallen below its 200-day moving average, having traded as low as C$12.48, compared to an average of C$14.26.
• Several analysts have revised their price targets for Interfor, with CIBC setting a target of C$17.00 and TD Securities lowering it to C$16.00, reflecting a generally cautious outlook.
• Interfor currently has a market capitalization of C$659.23 million and a high beta of 2.54, indicating greater volatility compared to the market.

Interfor Co. (TSE:IFP - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.26 and traded as low as C$12.48. Interfor shares last traded at C$12.73, with a volume of 538,369 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Scotiabank lowered their target price on Interfor from C$20.00 to C$18.00 and set a "sector perform" rating on the stock in a research note on Monday. Royal Bank Of Canada lowered their target price on Interfor from C$26.00 to C$21.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. TD Securities lowered their target price 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. CIBC lowered their target price on Interfor from C$20.00 to C$17.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Raymond James Financial cut Interfor from a "strong-buy" rating to a "moderate buy" rating and lowered their target price for the company from C$22.00 to C$19.00 in a research note on Tuesday, July 22nd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Interfor currently has an average rating of "Hold" and a consensus price target of C$18.20.

Interfor Stock Up 2.1%

The business has a 50 day moving average of C$12.92 and a 200 day moving average of C$14.16. 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 firm has a market capitalization of C$659.23 million, a price-to-earnings ratio of -1.56 and a beta of 2.54.

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.