Interfor (OTCMKTS:IFSPF) Trading Down 2.3% – What’s Next?

Interfor Co. (OTCMKTS:IFSPF)’s share price fell 2.3% during trading on Friday . The stock traded as low as $7.42 and last traded at $7.49. 43,609 shares were traded during trading, an increase of 33% from the average session volume of 32,718 shares. The stock had previously closed at $7.67.

Wall Street Analysts Forecast Growth

IFSPF has been the subject of a number of research analyst reports. Raymond James Financial upgraded Interfor from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of Interfor in a research note on Tuesday. Canadian Imperial Bank of Commerce lowered Interfor from a “neutral” rating to an “underperform” rating in a report on Tuesday, December 9th. Scotiabank reaffirmed an “outperform” rating on shares of Interfor in a report on Tuesday. Finally, TD Securities reiterated a “hold” rating on shares of Interfor in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Interfor Stock Performance

The business has a 50-day moving average price of $7.14 and a 200 day moving average price of $7.24.

About Interfor

Interfor Corporation is a leading global manufacturer of wood products, headquartered in Vancouver, British Columbia. The company operates a network of sawmills across Canada and the United States, producing a wide range of softwood lumber items for residential, commercial and industrial construction. Interfor’s product portfolio includes dimension lumber, timbers, boards and specialty wood products designed to meet the needs of building material distributors, home center retail channels and industrial end-users.

Interfor’s operations span premier timber-growing regions in British Columbia, Alberta, Washington State and Oregon.