West Fraser Timber (TSE:WFG) Price Target Cut to C$119.00 by Analysts at CIBC

Key Points

• West Fraser Timber's price target has been lowered by CIBC from C$122.00 to C$119.00, while maintaining an "outperform" rating on the stock.
• Raymond James Financial has downgraded West Fraser Timber from a "moderate buy" to a "hold" rating, reflecting a shift in analyst sentiment.
• The company currently has a market capitalization of C$8.08 billion and a significant debt-to-equity ratio of 7.39.

West Fraser Timber (TSE:WFG - Get Free Report) had its price target dropped by research analysts at CIBC from C$122.00 to C$119.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's price objective indicates a potential upside of 16.21% from the company's current price.

Separately, Raymond James Financial downgraded shares of West Fraser Timber from a "moderate buy" rating to a "hold" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, West Fraser Timber presently has an average rating of "Moderate Buy" and a consensus target price of C$119.00.

West Fraser Timber Stock Performance

Shares of West Fraser Timber stock traded down C$0.41 on Wednesday, reaching C$102.40. 66,237 shares of the company traded hands, compared to its average volume of 217,371. West Fraser Timber has a 52 week low of C$94.66 and a 52 week high of C$141.27. The company has a 50 day moving average of C$100.95 and a 200 day moving average of C$103.65. The firm has a market capitalization of C$8.08 billion, a PE ratio of -63.60 and a beta of 1.84. The company has a debt-to-equity ratio of 7.39, a current ratio of 1.82 and a quick ratio of 2.10.

About West Fraser Timber

West Fraser Timber CoLtd is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy.

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