West Fraser Timber (TSE:WFG) Price Target Increased to C$140.00 by Analysts at CIBC

West Fraser Timber (TSE:WFG - Get Free Report) had its price objective increased by CIBC from C$131.00 to C$140.00 in a report released on Thursday, BayStreet.CA reports. CIBC's target price would suggest a potential upside of 25.27% from the stock's previous close.

Separately, Royal Bank of Canada decreased their price objective on shares of West Fraser Timber from C$95.00 to C$90.00 and set an "outperform" rating for the company in a research report on Tuesday, December 19th.

West Fraser Timber Stock Up 1.2 %

Shares of West Fraser Timber stock traded up C$1.30 during trading on Thursday, hitting C$111.76. 198,820 shares of the stock were exchanged, compared to its average volume of 182,463. The stock has a market cap of C$8.87 billion, a price-to-earnings ratio of -40.83 and a beta of 2.08. The firm's 50-day moving average price is C$110.04 and its 200 day moving average price is C$105.82. West Fraser Timber has a 12-month low of C$88.61 and a 12-month high of C$121.64. The company has a debt-to-equity ratio of 7.45, a current ratio of 2.26 and a quick ratio of 2.10.

West Fraser Timber (TSE:WFG - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported C($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.38) by C$0.07. The business had revenue of C$2.06 billion during the quarter. West Fraser Timber had a negative net margin of 2.59% and a negative return on equity of 2.25%. As a group, analysts forecast that West Fraser Timber will post 3.9573935 earnings per share for the current fiscal year.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.