Interfor (TSE:IFP) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Interfor Co. (TSE:IFP - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$13.08 and traded as high as C$13.39. Interfor shares last traded at C$13.22, with a volume of 79,290 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IFP shares. Scotiabank cut their target price on shares of Interfor from C$22.50 to C$20.00 in a report on Monday, May 12th. TD Securities cut their target price on shares of Interfor from C$20.00 to C$16.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. CIBC lowered their price objective on shares of Interfor from C$20.00 to C$17.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Raymond James Financial lowered their price objective on shares of 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, Royal Bank Of Canada lowered their price objective on shares of Interfor from C$26.00 to C$21.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$20.00.

Interfor Trading Down 1.7%

The stock has a market capitalization of C$669.59 million, a PE ratio of -1.58 and a beta of 2.54. The business's 50-day moving average is C$13.03 and its two-hundred day moving average is C$14.76. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69.

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.