Interfor (TSE:IFP) Reaches New 1-Year High – Time to Buy?

Shares of Interfor Co. (TSE:IFP) reached a new 52-week high on Monday . The stock traded as high as C$15.29 and last traded at C$15.14, with a volume of 225253 shares. The stock had previously closed at C$14.08.

Analyst Upgrades and Downgrades

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

Interfor Stock Up 8.0%

The company has a debt-to-equity ratio of 71.48, a quick ratio of 1.15 and a current ratio of 1.96. The firm has a market capitalization of C$999.66 million, a PE ratio of -2.26 and a beta of 1.75. The company has a fifty day moving average price of C$13.57 and a 200-day moving average price of C$11.38.

About Interfor

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.