Ian Fillinger Purchases 3,400 Shares of Interfor Co. (TSE:IFP) 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 cost of C$14.95 per share, for a total transaction of C$50,820.14.

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

• On Monday, December 30th, Ian Fillinger bought 3,150 shares of Interfor stock. The shares were purchased at an average cost of C$16.29 per share, for a total transaction of C$51,304.05.

Interfor Stock Up 3.5 %

IFP opened at C$15.21 on Wednesday. Interfor Co. has a fifty-two week low of C$14.58 and a fifty-two week high of C$22.38. 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 company’s 50-day moving average is C$16.56 and its 200 day moving average is C$18.06. The firm has a market capitalization of C$787.66 million, a P/E ratio of -1.86 and a beta of 2.54.

Analyst Upgrades and Downgrades

IFP has been the topic of a number of research reports. Raymond James lowered their target price on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada lowered their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Friday, December 20th. Scotiabank lowered Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. Finally, CIBC decreased their price objective on Interfor from C$22.00 to C$20.00 in a report on Tuesday, February 18th. Four equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.