Interfor Co. (TSE:IFP - Get Free Report)'s share price was down 7.9% on Monday . The stock traded as low as C$15.45 and last traded at C$15.79. Approximately 94,365 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 173,281 shares. The stock had previously closed at C$17.14.
Wall Street Analysts Forecast Growth
IFP has been the subject of several research analyst reports. CIBC reduced their target price on Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Scotiabank cut shares of Interfor from an "outperform" rating to a "sector perform" rating in a research report on Monday. Royal Bank of Canada dropped their target price 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. Raymond James cut their target price 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. Finally, TD Securities decreased their price target on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Four equities 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$23.67.
Check Out Our Latest Report on Interfor
Interfor Stock Down 2.0 %
The stock has a market capitalization of C$813.04 million, a price-to-earnings ratio of -1.92 and a beta of 2.54. 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 business's 50-day moving average is C$16.88 and its two-hundred day moving average is C$18.16.
Insider Activity at Interfor
In other news, Director Ian Fillinger acquired 3,150 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of C$16.29 per share, with a total value of C$51,304.05. Insiders own 0.94% of the company's stock.
About Interfor
(
Get Free Report)
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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