Interfor Co. (TSE:IFP) Director Acquires C$50,820.14 in Stock

Interfor Co. (TSE:IFP) Director Ian Fillinger purchased 3,400 shares of the company’s stock in a transaction on Monday, March 17th. The stock was acquired at an average price of C$14.95 per share, with a total value of C$50,820.14.

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

• On Monday, December 30th, Ian Fillinger purchased 3,150 shares of Interfor stock. The stock was acquired at an average price of C$16.29 per share, with a total value of C$51,304.05.

Interfor Stock Up 3.5 %

Shares of Interfor stock traded up C$0.51 during trading on Tuesday, hitting C$15.21. 269,413 shares of the stock were exchanged, compared to its average volume of 192,209. Interfor Co. has a 12-month low of C$14.58 and a 12-month high of C$22.38. The stock has a market cap of C$787.66 million, a price-to-earnings ratio of -1.86 and a beta of 2.54. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15. The firm’s 50-day moving average price is C$16.61 and its 200 day moving average price is C$18.08.

Wall Street Analysts Forecast Growth

Several research firms have commented on IFP. Raymond James dropped their price target on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a research note on Thursday, January 30th. CIBC decreased their price objective on shares of Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Royal Bank of Canada decreased their price objective on shares of 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, Scotiabank cut shares of Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$23.67.

Interfor Company Profile

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.