Interfor (TSE:IFP) Hits New 1-Year Low – Should You Sell?

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

Analyst Upgrades and Downgrades

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

Interfor Stock Down 2.3%

The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. The stock has a market capitalization of C$506.99 million, a PE ratio of -2.21 and a beta of 2.38. The company has a 50 day moving average price of C$10.27 and a 200-day moving average price of C$12.09.

Interfor Company Profile

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.