Interfor (TSE:IFP) Reaches New 12-Month Low – Here’s Why

Interfor Co. (TSE:IFP)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$15.16 and last traded at C$15.29, with a volume of 15575 shares changing hands. The stock had previously closed at C$15.62.

Analyst Upgrades and Downgrades

IFP has been the topic of a number of analyst reports. TD Securities cut their price objective on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Royal Bank of Canada cut their price objective on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. CIBC lowered their target price on Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Scotiabank lowered shares of Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday. Finally, Raymond James lowered their target price on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Interfor currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.67.

Interfor Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24. The firm’s fifty day moving average price is C$16.91 and its 200 day moving average price is C$18.18. The stock has a market cap of C$791.81 million, a PE ratio of -1.87 and a beta of 2.54.

Insider Buying and Selling at Interfor

In other news, Director Ian Fillinger bought 3,150 shares of the company’s stock in a transaction on Monday, December 30th. The stock was bought at an average cost of C$16.29 per share, with a total value of C$51,304.05. 0.94% of the stock is owned by company insiders.

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.