Interfor Co. (TSE:IFP - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$14.58 and last traded at C$15.21, with a volume of 269413 shares. The stock had previously closed at C$14.70.
Analyst Ratings Changes
A number of brokerages recently issued reports on IFP. Raymond James decreased their price target on shares of Interfor from C$30.00 to C$26.00 and set a "strong-buy" rating for the company in a research note on Thursday, January 30th. Royal Bank of Canada reduced their price objective on shares of Interfor from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research report on Friday, December 20th. CIBC reduced their price objective on shares of Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Finally, Scotiabank downgraded shares of Interfor from an "outperform" rating to a "sector perform" rating in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Interfor presently has a consensus rating of "Moderate Buy" and a consensus price target of C$23.67.
Check Out Our Latest Stock Report on IFP
Interfor Stock Down 2.9 %
The business's fifty day moving average price is C$16.50 and its 200 day moving average price is C$18.04. The firm has a market capitalization of C$790.77 million, a price-to-earnings ratio of -1.87 and a beta of 2.54. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24.
Insider Buying and Selling at Interfor
In other news, Director Ian Fillinger acquired 3,400 shares of the company's stock in a transaction on Monday, March 17th. The shares were bought at an average cost of C$14.95 per share, with a total value of C$50,820.14. 0.94% of the stock is currently owned by corporate insiders.
Interfor Company Profile
(
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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.
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