Insider Buying: Interfor Co. (TSE:IFP) Director Buys C$51,304.05 in Stock

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

Interfor Trading Up 2.8 %

IFP opened at C$17.26 on Friday. The company has a quick ratio of 1.15, a current ratio of 2.02 and a debt-to-equity ratio of 62.31. Interfor Co. has a 52 week low of C$15.35 and a 52 week high of C$25.59. The stock has a market cap of C$888.03 million, a PE ratio of -2.47 and a beta of 2.54. The business has a 50 day moving average of C$18.87 and a 200-day moving average of C$18.13.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on IFP shares. Raymond James raised Interfor from an “outperform” rating to a “strong-buy” rating and raised their target price for the stock from C$26.00 to C$30.00 in a research note on Tuesday, October 22nd. CIBC lifted their price objective on Interfor from C$22.00 to C$23.00 in a research report on Friday, November 8th. Royal Bank of Canada decreased their target price on Interfor from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Finally, 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. Three investment 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. According to MarketBeat, the stock currently has an average 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.