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

Interfor Co. (TSE:IFP) Director Ian Fillinger acquired 3,150 shares of Interfor stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price 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 bought 5,490 shares of Interfor stock. The shares were acquired at an average cost of C$18.48 per share, with a total value of C$101,433.24.

Interfor Price Performance

Interfor stock traded up C$0.51 during trading hours on Tuesday, hitting C$16.79. The stock had a trading volume of 122,970 shares, compared to its average volume of 157,852. The stock has a market capitalization of C$863.85 million, a price-to-earnings ratio of -2.40 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a current ratio of 2.02 and a quick ratio of 1.15. Interfor Co. has a 1-year low of C$15.35 and a 1-year high of C$25.59. The stock’s fifty day moving average is C$19.05 and its two-hundred day moving average is C$18.15.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on IFP shares. Raymond James upgraded Interfor from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. CIBC boosted their target price on shares of Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. TD Securities cut their price target on shares of Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada reduced their price objective 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. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Interfor currently has an average rating of “Moderate Buy” and a consensus 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.