Interfor (TSE:IFP) Share Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Interfor Co. (TSE:IFP - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$18.20 and traded as low as C$16.18. Interfor shares last traded at C$17.14, with a volume of 471,401 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Raymond James lowered their target price on shares of 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. Scotiabank downgraded Interfor from an "outperform" rating to a "sector perform" rating in a research report on Monday. TD Securities dropped their price objective on Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. CIBC decreased their target price on Interfor from C$22.00 to C$20.00 in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada dropped their price target 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. 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, Interfor has a consensus rating of "Moderate Buy" and an average target price of C$23.67.

Interfor Trading Down 0.6 %

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 has a market capitalization of C$829.61 million, a price-to-earnings ratio of -1.96 and a beta of 2.54. The business has a 50-day moving average of C$16.90 and a two-hundred day moving average of C$18.17.

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Insider Activity at Interfor

In other Interfor news, Director Ian Fillinger acquired 3,150 shares of Interfor stock in a transaction on Monday, December 30th. The shares were bought at an average price of C$16.29 per share, with a total value of C$51,304.05. 0.94% of the stock is currently owned by corporate insiders.

Interfor Company Profile

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.