Interfor (TSE:IFP) Trading Up 10.6% – Time to Buy?

Interfor Co. (TSE:IFP) rose 10.6% during trading on Friday . The company traded as high as C$17.67 and last traded at C$17.23. Approximately 142,877 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 152,196 shares. The stock had previously closed at C$15.58.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on IFP shares. TD Securities dropped their price target on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. CIBC lowered their target price on shares of Interfor from C$23.00 to C$22.00 in a research report on Wednesday, January 15th. Royal Bank of Canada reduced their price target on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Friday, December 20th. Finally, Raymond James cut their price objective on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$24.00.

Interfor Trading Up 11.2 %

The stock has a market cap of C$896.93 million, a P/E ratio of -2.12 and a beta of 2.54. The company has a debt-to-equity ratio of 61.24, a quick ratio of 1.15 and a current ratio of 1.69. The company has a 50-day simple moving average of C$17.31 and a 200-day simple moving average of C$18.24.

Insider Buying and Selling at Interfor

In other news, Director Ian Fillinger acquired 5,490 shares of Interfor stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of C$18.48 per share, with a total value of C$101,433.24. Corporate insiders own 0.94% of the company’s stock.

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.