Interfor (TSE:IFP) Hits New 52-Week High – Time to Buy?

Interfor Co. (TSE:IFPGet Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as C$15.10 and last traded at C$15.07, with a volume of 172676 shares. The stock had previously closed at C$14.04.

Analysts Set New Price Targets

A number of research firms have issued reports on IFP. Raymond James Financial boosted their price objective on shares of Interfor from C$13.00 to C$17.00 and gave the company an “outperform” rating in a report on Monday, July 27th. TD boosted their price target on Interfor from C$14.00 to C$16.00 and gave the company a “hold” rating in a research note on Monday, August 10th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Interfor has an average rating of “Moderate Buy” and a consensus target price of C$13.50.

View Our Latest Report on Interfor

Interfor Price Performance

The firm has a market cap of C$1.00 billion, a P/E ratio of -2.26 and a beta of 1.63. The company has a debt-to-equity ratio of 71.48, a current ratio of 1.96 and a quick ratio of 1.15. The company’s 50-day moving average is C$12.78 and its two-hundred day moving average is C$10.98.

About Interfor

(Get Free Report)

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.

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