Interfor (TSE:IFP) Shares Cross Below 50-Day Moving Average – Should You Sell?

Interfor Co. (TSE:IFP) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Raymond James raised shares of Interfor from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. 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 upped their target price on Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada decreased their price objective on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.83.

Interfor Stock Performance

The company has a market cap of C$857.67 million, a P/E ratio of -2.38 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. The business has a 50-day moving average of C$18.64 and a two-hundred day moving average of C$18.11.

Insider Activity

In other news, Director Ian Fillinger bought 3,150 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average price of C$16.29 per share, with a total value of C$51,304.05. Company insiders own 0.94% of the company’s stock.

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.