Interfor Co. (TSE:IFP) Director Acquires C$50,530.00 in Stock

Interfor Co. (TSE:IFP) Director Ian Fillinger acquired 3,100 shares of the stock in a transaction on Wednesday, June 26th. The shares were acquired at an average price of C$16.30 per share, with a total value of C$50,530.00.

Ian Fillinger also recently made the following trade(s):

• On Tuesday, May 14th, Ian Fillinger acquired 5,510 shares of Interfor stock. The shares were acquired at an average price of C$18.16 per share, with a total value of C$100,037.91.

Interfor Stock Performance

Shares of TSE IFP traded up C$0.42 during mid-day trading on Wednesday, hitting C$16.53. The company had a trading volume of 78,608 shares, compared to its average volume of 167,837. The firm’s 50 day simple moving average is C$17.89 and its two-hundred day simple moving average is C$19.95. The company has a debt-to-equity ratio of 60.58, a current ratio of 2.06 and a quick ratio of 1.15. The stock has a market cap of C$850.47 million, a price-to-earnings ratio of -2.77 and a beta of 2.64. Interfor Co. has a 12 month low of C$15.75 and a 12 month high of C$26.31.

Interfor (TSE:IFP) last announced its earnings results on Thursday, May 9th. The company reported C($1.42) earnings per share for the quarter. The business had revenue of C$813.20 million for the quarter. Interfor had a negative net margin of 9.05% and a negative return on equity of 16.24%. As a group, equities research analysts forecast that Interfor Co. will post 2.8616667 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IFP. CIBC lowered their price objective on Interfor from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Royal Bank of Canada reduced their target price on Interfor from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Raymond James downgraded Interfor from a “strong-buy” rating to an “outperform” rating in a report on Wednesday, April 3rd. BMO Capital Markets reduced their target price on Interfor from C$29.00 to C$27.00 in a report on Wednesday, April 17th. Finally, Scotiabank reduced their target price on Interfor from C$29.00 to C$26.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$26.00.

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.