Interfor Co. (TSE:IFP) Senior Officer Acquires C$25,250.00 in Stock

Interfor Co. (TSE:IFPGet Rating) Senior Officer Eric Larouche purchased 1,000 shares of the firm’s stock in a transaction on Friday, June 17th. The stock was bought at an average cost of C$25.25 per share, for a total transaction of C$25,250.00. Following the completion of the purchase, the insider now directly owns 7,000 shares in the company, valued at C$176,750.

Shares of IFP stock opened at C$25.66 on Thursday. The firm has a market cap of C$1.41 billion and a P/E ratio of 1.68. Interfor Co. has a fifty-two week low of C$23.30 and a fifty-two week high of C$44.56. The business’s 50 day moving average price is C$33.06 and its 200-day moving average price is C$36.09. The company has a debt-to-equity ratio of 24.83, a quick ratio of 0.85 and a current ratio of 1.98.

Interfor (TSE:IFPGet Rating) last issued its quarterly earnings data on Wednesday, May 11th. The company reported C$6.61 earnings per share for the quarter, missing analysts’ consensus estimates of C$7.38 by C($0.77). The firm had revenue of C$1.35 billion during the quarter. As a group, equities analysts predict that Interfor Co. will post 6.0799998 EPS for the current year.

A number of equities analysts have commented on IFP shares. Royal Bank of Canada decreased their price target on Interfor from C$50.00 to C$45.00 in a research note on Thursday, April 7th. CIBC lifted their price target on Interfor from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Monday, May 16th.

About Interfor (Get Rating)

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. The company offers lumber products for decking, fascia and trims, framings, furniture, industrial packaging, Japan Zairai, millworks, paneling, sidings, trusses, and windows and doors.

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