CIBC Has Lowered Expectations for West Fraser Timber (TSE:WFG) Stock Price

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 objective dropped by 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 would indicate a potential upside of 14.58% from the company's current price.

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

West Fraser Timber Stock Down 0.6%

Shares of TSE:WFG traded down C$0.65 during trading on Wednesday, reaching C$103.86. 115,555 shares of the stock were exchanged, compared to its average volume of 216,973. The company has a debt-to-equity ratio of 7.39, a current ratio of 1.82 and a quick ratio of 2.10. West Fraser Timber has a 1-year low of C$94.66 and a 1-year high of C$141.27. The stock has a fifty day moving average of C$101.00 and a two-hundred day moving average of C$103.43. The firm has a market cap of C$8.19 billion, a price-to-earnings ratio of -64.51 and a beta of 1.84.

West Fraser Timber Company Profile

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.