Insider Buying: Interfor Co. (TSE:IFP) Director Buys 3,150 Shares of Stock

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

Interfor Stock Performance

Shares of IFP opened at C$16.79 on Thursday. Interfor Co. has a 1 year low of C$15.35 and a 1 year high of C$25.59. The stock has a market capitalization of C$863.85 million, a PE ratio of -2.40 and a beta of 2.54. The company has a debt-to-equity ratio of 62.31, a quick ratio of 1.15 and a current ratio of 2.02. The stock has a 50-day simple moving average of C$18.91 and a 200-day simple moving average of C$18.13.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IFP. CIBC raised their price target 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 on the stock in a research note on Friday, December 20th. TD Securities dropped their target price on Interfor from C$23.00 to C$22.00 in a research report on Friday, November 8th. Finally, Raymond James raised shares of 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 report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Interfor has a consensus rating of “Moderate Buy” and an average target price of C$24.83.

About Interfor

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.