Insider Buying: Interfor Co. (TSE:IFP) Director Buys 3,400 Shares of Stock

Interfor Co. (TSE:IFP) Director Ian Fillinger bought 3,400 shares of the stock in a transaction on Monday, March 17th. The shares were 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 acquired 3,150 shares of Interfor stock. The shares were acquired at an average cost of C$16.29 per share, with a total value of C$51,304.05.

Interfor Trading Up 3.5 %

Interfor stock traded up C$0.51 during trading on Tuesday, hitting C$15.21. The company had a trading volume of 269,413 shares, compared to its average volume of 192,209. Interfor Co. has a 1-year low of C$14.58 and a 1-year high of C$22.38. The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The company’s 50 day simple moving average is C$16.61 and its 200-day simple moving average is C$18.08. 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.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IFP. Royal Bank of Canada lowered their price objective on 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. Raymond James dropped their price objective on shares of Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating for the company in a report on Thursday, January 30th. Scotiabank cut shares of Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. Finally, CIBC cut their price target on shares of 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Interfor has an average rating of “Moderate Buy” and an average price target 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.