Interfor (TSE:IFP) Sets New 12-Month Low – Should You Sell?

Interfor Co. (TSE:IFP)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$14.58 and last traded at C$15.21, with a volume of 269413 shares traded. The stock had previously closed at C$14.70.

Analyst Upgrades and Downgrades

IFP has been the subject of several research reports. Royal Bank of Canada lowered their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Scotiabank lowered Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. CIBC cut their target price on shares of Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Finally, Raymond James lowered 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 report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.67.

Interfor Stock Performance

The stock has a market cap of C$814.07 million, a P/E ratio of -1.92 and a beta of 2.54. The stock has a fifty day simple moving average of C$16.53 and a 200-day simple moving average of C$18.05. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

Insiders Place Their Bets

In other Interfor news, Director Ian Fillinger purchased 3,400 shares of the stock in a transaction on Monday, March 17th. The stock was bought at an average cost of C$14.95 per share, for a total transaction of C$50,820.14. 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.