Interfor (TSE:IFP) Stock Price Crosses Below 50 Day Moving Average of $12.41

Interfor Corp (TSE:IFP)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.41 and traded as low as $12.20. Interfor shares last traded at $12.34, with a volume of 87,244 shares traded.

Several equities research analysts have issued reports on the company. Royal Bank of Canada lowered their price target on Interfor from C$21.00 to C$18.00 in a report on Tuesday, July 9th. Raymond James reiterated an “outperform” rating and set a C$19.00 price objective on shares of Interfor in a report on Friday, August 9th. CIBC decreased their price objective on Interfor from C$18.00 to C$16.00 in a report on Tuesday, August 13th. Finally, TD Securities downgraded Interfor from an “action list buy” rating to a “buy” rating and decreased their price objective for the stock from C$21.00 to C$20.00 in a report on Monday, May 6th. Five research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of C$18.20.

The company has a quick ratio of 1.12, a current ratio of 2.62 and a debt-to-equity ratio of 33.41. The stock has a 50 day simple moving average of C$12.35 and a two-hundred day simple moving average of C$14.26. The stock has a market capitalization of $811.74 million and a P/E ratio of -76.34.

Interfor Company Profile (TSE:IFP)

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers wooden products for appearance timbers, decking, fascia and trims, framings, furniture, industrial packaging, Japan zairai, millworks, paneling, sidings, trusses, and windows and doors.

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