Interfor Co. (TSE:IFP – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$14.58 and last traded at C$15.21, with a volume of 269413 shares. The stock had previously closed at C$14.70.
Wall Street Analysts Forecast Growth
IFP has been the topic of a number of recent research reports. Royal Bank of Canada cut their target price on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Friday, December 20th. CIBC cut their price target on Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. Scotiabank downgraded Interfor from an “outperform” rating to a “sector perform” rating in a report on Monday, March 3rd. Finally, Raymond James cut their target price on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$23.67.
Read Our Latest Stock Analysis on Interfor
Interfor Stock Up 3.5 %
Insider Activity at Interfor
In other news, Director Ian Fillinger bought 3,150 shares of the company’s stock in a transaction that occurred 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. Company insiders own 0.94% of the company’s stock.
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.
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