Interfor (TSE:IFP) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Interfor Co. (TSE:IFP) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$18.20 and traded as low as C$16.18. Interfor shares last traded at C$17.14, with a volume of 471,401 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IFP. TD Securities decreased their price objective on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. CIBC decreased their price objective on Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. Royal Bank of Canada reduced their price target on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, Raymond James cut their price objective on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$23.67.

Interfor Trading Up 5.5 %

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 business’s 50-day moving average price is C$16.94 and its two-hundred day moving average price is C$18.20. The company has a market capitalization of C$887.61 million, a price-to-earnings ratio of -2.10 and a beta of 2.54.

Insider Activity at Interfor

In related news, Director Ian Fillinger bought 3,150 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were purchased at an average price of C$16.29 per share, with a total value of C$51,304.05. 0.94% of the stock is currently owned by insiders.

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.