West Fraser Timber (TSE:WFG) Hits New 1-Year Low - What's Next?

Key Points

• West Fraser Timber reached a new 52-week low during trading on Wednesday, with the stock price hitting C$96.47 before closing at C$98.36.
• Analysts have recently downgraded the stock, with CIBC lowering its target price from C$170.00 to C$142.00, and Raymond James changing its rating from "moderate buy" to "hold."
• The company has a market capitalization of C$5.48 billion and notable financial ratios such as a PE ratio of -58.81 and a debt-to-equity ratio of 7.39.

West Fraser Timber Co. Ltd. (TSE:WFG - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$96.47 and last traded at C$98.36, with a volume of 279729 shares changing hands. The stock had previously closed at C$96.90.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WFG shares. CIBC decreased their price target on shares of West Fraser Timber from C$170.00 to C$142.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 22nd. Raymond James Financial lowered West Fraser Timber from a "moderate buy" rating to a "hold" rating in a report on Monday, July 21st.

West Fraser Timber Stock Performance

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 company has a market cap of C$5.36 billion, a P/E ratio of -57.52 and a beta of 2.03. The business's 50 day simple moving average is C$101.49 and its 200 day simple moving average is C$107.89.

About West Fraser Timber

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.