Shares of West Fraser Timber Co. Ltd. (TSE:WFG - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as C$98.05 and last traded at C$99.61, with a volume of 149187 shares changing hands. The stock had previously closed at C$102.70.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on WFG shares. CIBC lowered their target price on West Fraser Timber from C$170.00 to C$142.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Raymond James Financial downgraded West Fraser Timber from a "moderate buy" rating to a "hold" rating in a research note on Monday.
Get Our Latest Stock Report on WFG
West Fraser Timber Price Performance
The firm has a 50 day moving average price of C$102.33 and a 200 day moving average price of C$109.20. The company has a quick ratio of 2.10, a current ratio of 1.82 and a debt-to-equity ratio of 7.39. The stock has a market cap of C$5.43 billion, a P/E ratio of -58.31 and a beta of 2.03.
West Fraser Timber Company Profile
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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.
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