Interfor (TSE:IFP) Reaches New 12-Month Low – Here’s What Happened

Shares of Interfor Co. (TSE:IFP) hit a new 52-week low during trading on Friday . The stock traded as low as C$7.21 and last traded at C$7.73, with a volume of 234097 shares changing hands. The stock had previously closed at C$7.89.

Analysts Set New Price Targets

A number of research firms have weighed in on IFP. Scotiabank decreased their target price on shares of Interfor from C$20.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. TD Securities decreased their price objective on shares of Interfor from C$15.00 to C$12.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Raymond James Financial dropped their target price on shares of Interfor from C$19.00 to C$15.00 and set an “outperform” rating on the stock in a report on Tuesday, October 7th. CIBC cut their price target on shares of Interfor from C$12.00 to C$10.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. Finally, Royal Bank Of Canada decreased their price target on Interfor from C$17.00 to C$14.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$13.80.

Interfor Trading Down 2.3%

The business has a 50 day moving average of C$10.27 and a two-hundred day moving average of C$12.09. The firm has a market capitalization of C$506.99 million, a price-to-earnings ratio of -2.21 and a beta of 2.38. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69.

About Interfor

Interfor Corp produces and sells lumber, timber, and other wood products. The company operates sawmills to convert timber into lumber, logs, wood chips, and other wood products for sale. The firm also harvests timber for its sawmills on forest land owned by the Canadian government. Interfor pays the Canadian government stumpage fees based on the number of trees it harvests.