Interfor (TSE:IFP) Hits New 52-Week Low - What’s Next?

Interfor Corporation (TSE:IFP) experienced a decline in its stock value, reaching a new 52-week low during mid-day trading on Wednesday. The stock fell to as low as C$15.30 and was last seen at C$15.37, with a trading volume of 11,810 shares. This follows a close of C$15.74 in the previous session.

Recent Analyst Changes

Several research analysts have provided updates regarding Interfor. Raymond James recently lowered their price target for Interfor from C$30.00 to C$26.00 while maintaining a "strong-buy" rating as of January 30th. Meanwhile, TD Securities adjusted their target price from C$23.00 to C$22.00 in a report dated November 8th. Royal Bank of Canada also revised their price target from C$27.00 to C$26.00, giving an "outperform" rating on December 20th. Furthermore, CIBC reduced their target price from C$23.00 to C$22.00 in their analysis dated January 15th. Currently, three analysts hold a "hold" rating, two have a "buy" rating, and two have categorized Interfor as a "strong buy," leading to an average rating of "Moderate Buy" and an average target price of C$24.00 according to data from MarketBeat.com.

Interfor's Stock Performance

The company now maintains a market capitalization of C$799.02 million, alongside a negative PE ratio of -2.22 and a beta value of 2.54. Interfor's 50-day and 200-day moving averages stand at C$17.48 and C$18.25, respectively. Its debt-to-equity ratio is recorded at 62.31, with a quick ratio of 1.15 and a current ratio of 2.02.

Insider Transactions

In related news, Director Ian Fillinger acquired 3,150 shares of Interfor's stock on December 30th, purchasing these shares at an average price of C$16.29 per share, amounting to a total of C$51,304.05. It is noted that corporate insiders control 0.94% of the company's stock.

About Interfor

Interfor Corporation is involved in the production and sale of wood products across Canada, the United States, Japan, China, Taiwan, and other international markets. The company’s offerings include decking, fascia and board products, framing, v-joint paneling, fineline paneling, siding, and various structural and appearance wood products.

Investment Considerations

For those contemplating an investment in Interfor, it is advisable to explore recent analyst reports and recommendations. Market analysts are continually identifying stocks that may present better investment opportunities. As of now, Interfor holds a "Moderate Buy" rating among analysts, but several analysts are suggesting alternative stocks that could be more appealing to investors.

Final Thoughts

With the shifting stock prices and changes in analyst ratings, investors should stay informed about the latest developments concerning Interfor and consider their investment strategies carefully.

Interfor, Stocks, Analysts