Interfor (TSE:IFP) Hits New 12-Month High – Still a Buy?

Interfor Co. (TSE:IFP)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$15.29 and last traded at C$15.14, with a volume of 225253 shares changing hands. The stock had previously closed at C$14.08.

Analysts Set New Price Targets

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

Interfor Stock Performance

The company has a market cap of C$999.66 million, a PE ratio of -2.26 and a beta of 1.75. The company has a current ratio of 1.96, a quick ratio of 1.15 and a debt-to-equity ratio of 71.48. The business’s 50 day moving average is C$13.57 and its two-hundred day moving average is C$11.38.

Interfor Company Profile

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.