Interfor (TSE:IFP) Reaches New 12-Month Low – Should You Sell?

Interfor Co. (TSE:IFP) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$13.25 and last traded at C$13.34, with a volume of 6558 shares trading hands. The stock had previously closed at C$14.04.

Wall Street Analyst Weigh In

IFP has been the topic of a number of research analyst reports. Raymond James reduced their target price on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 30th. Scotiabank downgraded shares of Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd. CIBC dropped their target price on shares of Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reduced their price target on shares of 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. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Interfor currently has an average rating of “Moderate Buy” and an average target price of C$23.67.

Interfor Stock Down 2.2 %

The firm has a market cap of C$711.02 million, a P/E ratio of -1.68 and a beta of 2.54. The firm’s 50-day moving average price is C$16.00 and its 200 day moving average price is C$17.91. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

Insiders Place Their Bets

In other Interfor news, Director Ian Fillinger purchased 3,400 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was bought at an average price of C$14.95 per share, with a total value of C$50,820.14. 0.94% of the stock is owned by 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.