Interfor (TSE:IFP) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Interfor Co. (TSE:IFPGet Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.13 and traded as low as C$15.16. Interfor shares last traded at C$15.33, with a volume of 120,395 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IFP shares. Raymond James reduced their price target 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. Royal Bank of Canada cut their price objective on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Scotiabank downgraded Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. Finally, CIBC lowered their price target on Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$23.67.

Check Out Our Latest Report on Interfor

Interfor Price Performance

The firm has a 50 day simple moving average of C$16.80 and a 200-day simple moving average of C$18.13. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24. The company has a market cap of C$793.88 million, a PE ratio of -1.87 and a beta of 2.54.

Insider Buying and Selling at Interfor

In other news, Director Ian Fillinger bought 5,490 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of C$18.48 per share, with a total value of C$101,433.24. 0.94% of the stock is owned by insiders.

Interfor Company Profile

(Get Free Report)

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.

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