Interfor (TSE:IFP) Hits New 12-Month High – What’s Next?

Shares of Interfor Co. (TSE:IFP) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$15.10 and last traded at C$15.07, with a volume of 172676 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 IFP shares. TD lifted their price target on shares of Interfor from C$14.00 to C$16.00 and gave the stock a “hold” rating in a research note on Monday, August 10th. Raymond James Financial upped their price objective on Interfor from C$13.00 to C$17.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Interfor Stock Down 1.9%

The company has a quick ratio of 1.15, a current ratio of 1.96 and a debt-to-equity ratio of 71.48. The stock has a market capitalization of C$974.01 million, a price-to-earnings ratio of -2.20 and a beta of 1.63. The stock has a 50 day moving average price of C$12.94 and a 200 day moving average price of C$11.04.

Interfor Company Profile

Interfor is a forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.4 billion board feet and offers a diverse line of lumber products to customers around the world.