Interfor (TSE:IFP) Reaches New 52-Week Low – Time to Sell?

Interfor Co. (TSE:IFP)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$13.25 and last traded at C$13.34, with a volume of 6558 shares trading hands. The stock had previously closed at C$14.04.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Scotiabank downgraded Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. Royal Bank of Canada lowered their target price 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. Raymond James cut 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 report on Thursday, January 30th. Finally, CIBC dropped their target price on shares of Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Interfor presently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.67.

Interfor Stock Performance

The firm’s 50-day moving average price is C$16.00 and its two-hundred day moving average price is C$17.91. 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$711.02 million, a PE ratio of -1.68 and a beta of 2.54.

Insider Buying and Selling

In other Interfor news, Director Ian Fillinger purchased 3,400 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of C$14.95 per share, with a total value 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.