West Fraser Timber (TSE:WFG) Price Target Lowered to C$113.00 at CIBC

Key Points

• CIBC has lowered the price target for West Fraser Timber from C$119.00 to C$113.00, indicating a potential upside of 19.69% from its current price.
• Raymond James Financial downgraded West Fraser Timber from a "moderate buy" rating to a "hold" rating, while the stock maintains an average rating of "Moderate Buy".
• As of Wednesday, West Fraser Timber's stock traded up C$0.62, reaching a price of C$94.41, with a market capitalization of C$7.45 billion.

West Fraser Timber (TSE:WFG - Get Free Report) had its target price decreased by equities researchers at CIBC from C$119.00 to C$113.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. CIBC's price target points to a potential upside of 19.69% from the stock'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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$113.00.

West Fraser Timber Stock Up 0.7%

West Fraser Timber stock traded up C$0.62 on Wednesday, hitting C$94.41. 75,934 shares of the stock traded hands, compared to its average volume of 218,792. The company has a current ratio of 1.82, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39. The firm has a market cap of C$7.45 billion, a P/E ratio of -58.64 and a beta of 1.67. The business's fifty day simple moving average is C$98.97 and its 200 day simple moving average is C$100.83. West Fraser Timber has a 1 year low of C$91.55 and a 1 year high of C$140.30.

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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