West Fraser Timber (TSE:WFG - Free Report) had its target price lowered by CIBC from C$170.00 to C$142.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Separately, Raymond James lowered West Fraser Timber from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, January 20th.
View Our Latest Analysis on West Fraser Timber
West Fraser Timber Stock Up 1.2 %
Shares of TSE:WFG traded up C$1.18 during midday trading on Tuesday, hitting C$101.95. 103,630 shares of the company's stock traded hands, compared to its average volume of 155,321. West Fraser Timber has a twelve month low of C$98.05 and a twelve month high of C$141.27. The company has a market cap of C$5.68 billion, a PE ratio of -60.96 and a beta of 2.03. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82. The firm's fifty day moving average price is C$107.99 and its two-hundred day moving average price is C$121.38.
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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