Interfor Co. (TSE:IFP) Director Ian Fillinger Acquires 3,150 Shares

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

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

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

Interfor Trading Up 3.1 %

TSE:IFP traded up C$0.51 during trading hours on Tuesday, reaching C$16.79. 122,970 shares of the company were exchanged, compared to its average volume of 157,852. The firm has a market cap of C$863.85 million, a price-to-earnings ratio of -2.40 and a beta of 2.54. The stock has a 50 day simple moving average of C$19.05 and a 200 day simple moving average of C$18.15. Interfor Co. has a 52-week low of C$15.35 and a 52-week high of C$25.59. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15.

Wall Street Analysts Forecast Growth

IFP has been the subject of a number of recent research reports. CIBC lifted their price target on shares of Interfor from C$22.00 to C$23.00 in a report on Friday, November 8th. Royal Bank of Canada lowered their target price on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Friday, December 20th. Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. Finally, TD Securities lowered their price objective on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.