Interfor (TSE:IFP) Shares Cross Above 50 Day Moving Average of $29.12

Interfor Co. (TSE:IFPGet Rating) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$29.12 and traded as high as C$32.17. Interfor shares last traded at C$32.10, with a volume of 189,376 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Royal Bank of Canada cut their price objective on shares of Interfor from C$50.00 to C$45.00 in a research report on Thursday, April 7th. CIBC lowered their target price on shares of Interfor from C$45.00 to C$40.00 in a research note on Friday, July 8th.

Interfor Price Performance

The company has a debt-to-equity ratio of 24.83, a current ratio of 1.98 and a quick ratio of 0.85. The stock has a market capitalization of C$1.76 billion and a P/E ratio of 2.07. The company’s 50 day simple moving average is C$29.12 and its two-hundred day simple moving average is C$34.07.

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 the consensus estimate of C$7.38 by C($0.77). The business had revenue of C$1.35 billion for the quarter. As a group, equities analysts expect that Interfor Co. will post 5.5199999 EPS for the current fiscal year.

Insider Transactions at Interfor

In related news, Director Ian Fillinger bought 4,000 shares of Interfor stock in a transaction dated Friday, June 17th. The shares were bought at an average cost of C$25.14 per share, for a total transaction of C$100,552.00. Following the completion of the transaction, the director now owns 64,770 shares of the company’s stock, valued at C$1,628,188.26. In related news, Senior Officer Richard Pozzebon bought 3,000 shares of Interfor stock in a transaction dated Monday, May 16th. The shares were bought at an average cost of C$33.37 per share, for a total transaction of C$100,110.00. Following the completion of the transaction, the insider now owns 10,146 shares of the company’s stock, valued at C$338,572.02. Also, Director Ian Fillinger bought 4,000 shares of Interfor stock in a transaction dated Friday, June 17th. The shares were bought at an average price of C$25.14 per share, for a total transaction of C$100,552.00. Following the completion of the transaction, the director now directly owns 64,770 shares of the company’s stock, valued at approximately C$1,628,188.26. Over the last three months, insiders have purchased 8,000 shares of company stock worth $225,912.

Interfor Company Profile

(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.

Further Reading

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