Insider Buying: Interfor Co. (TSE:IFP) Director Buys 4,000 Shares of Stock

Interfor Co. (TSE:IFP – Get Rating) Director Ian Fillinger purchased 4,000 shares of the stock in a transaction on Friday, June 17th. The shares were acquired at an average cost of C$25.14 per share, with a total value of C$100,552.00. Following the transaction, the director now directly owns 64,770 shares in the company, valued at C$1,628,188.26.

Shares of IFP stock opened at C$25.66 on Thursday. Interfor Co. has a 12-month low of C$23.30 and a 12-month high of C$44.56. The company has a current ratio of 1.98, a quick ratio of 0.85 and a debt-to-equity ratio of 24.83. The stock’s 50-day moving average price is C$33.06 and its 200-day moving average price is C$36.09. The stock has a market capitalization of C$1.41 billion and a price-to-earnings ratio of 1.68.

Interfor (TSE:IFP – Get Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported C$6.61 EPS for the quarter, missing the consensus estimate of C$7.38 by C($0.77). The company had revenue of C$1.35 billion during the quarter. As a group, research analysts predict that Interfor Co. will post 6.0799998 EPS for the current fiscal year.

A number of research firms recently weighed in on IFP. Royal Bank of Canada reduced their price objective on Interfor from C$50.00 to C$45.00 in a research report on Thursday, April 7th. CIBC raised 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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