Interfor Co. (TSE:IFP - Get Free Report)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$18.70 and traded as low as C$17.27. Interfor shares last traded at C$17.34, with a volume of 98,660 shares changing hands.
Wall Street Analyst Weigh In
IFP has been the subject of a number of research analyst reports. Raymond James raised shares of Interfor from an "outperform" rating to a "strong-buy" rating and upped their price objective for the company from C$26.00 to C$30.00 in a research report on Tuesday, October 22nd. TD Securities cut their price target on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Royal Bank of Canada decreased their price objective on Interfor from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Friday, December 20th. Finally, CIBC boosted their price objective on Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$24.83.
Check Out Our Latest Research Report on IFP
Interfor Price Performance
The company has a 50-day moving average of C$18.70 and a 200 day moving average of C$18.12. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The firm has a market cap of C$854.07 million, a P/E ratio of -2.37 and a beta of 2.54.
Insider Transactions at Interfor
In related news, Director Ian Fillinger purchased 5,490 shares of Interfor stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of C$18.48 per share, for a total transaction of C$101,433.24. Company insiders own 0.94% of the company's stock.
Interfor Company Profile
(
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.
Further Reading
Before you consider Interfor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Interfor wasn't on the list.
While Interfor currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
