Interfor Co. (TSE:IFP) Director Purchases C$51,304.05 in Stock

Interfor Co. (TSE:IFP) Director Ian Fillinger bought 3,150 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were acquired at an average cost of C$16.29 per share, with a total value of C$51,304.05.

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

• On Thursday, December 12th, Ian Fillinger purchased 5,490 shares of Interfor stock. The stock was bought at an average price of C$18.48 per share, for a total transaction of C$101,433.24.

Interfor Price Performance

IFP opened at C$17.26 on Friday. The company’s 50-day simple moving average is C$18.87 and its two-hundred day simple moving average is C$18.13. Interfor Co. has a 52-week low of C$15.35 and a 52-week high of C$25.59. The stock has a market capitalization of C$888.03 million, a P/E ratio of -2.47 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02.

Wall Street Analyst Weigh In

IFP has been the topic of several analyst reports. CIBC boosted their target price on Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. Royal Bank of Canada dropped their price target on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. TD Securities reduced their price objective on shares of Interfor from C$23.00 to C$22.00 in a research note on Friday, November 8th. Finally, Raymond James upgraded shares of Interfor from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$24.83.

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.