Interfor (TSE:IFP) Trading 10.6% Higher - Time to Buy?

Shares of Interfor Co. (TSE:IFP - Get Free Report) were up 10.6% during mid-day trading on Friday . The stock traded as high as C$17.67 and last traded at C$17.23. Approximately 142,877 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 152,196 shares. The stock had previously closed at C$15.58.

Analysts Set New Price Targets

A number of research firms recently commented on IFP. Raymond James lowered their price objective on shares of Interfor from C$30.00 to C$26.00 and set a "strong-buy" rating for the company in a research report on Thursday, January 30th. CIBC lowered their price target on Interfor from C$22.00 to C$20.00 in a report on Tuesday. TD Securities cut their price objective on Interfor from C$23.00 to C$22.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada decreased their price objective on Interfor from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research report on Friday, December 20th. Three equities research 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 company. According to data from MarketBeat, Interfor has an average rating of "Moderate Buy" and a consensus price target of C$23.67.

Interfor Stock Up 5.1 %

The firm has a 50-day moving average price of C$17.11 and a two-hundred day moving average price of C$18.23. The company has a market capitalization of C$913.50 million, a price-to-earnings ratio of -2.16 and a beta of 2.54. The company has a debt-to-equity ratio of 61.24, a current ratio of 1.69 and a quick ratio of 1.15.

Insider Transactions at Interfor

In related news, Director Ian Fillinger bought 3,150 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average price of C$16.29 per share, with a total value of C$51,304.05. 0.94% of the stock is currently owned by insiders.

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.