West Fraser Timber (TSE:WFG) Given New C$146.00 Price Target at CIBC

West Fraser Timber (TSE:WFG – Get Rating) had its price objective hoisted by CIBC from C$126.00 to C$146.00 in a report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on WFG. Scotiabank upped their price objective on shares of West Fraser Timber from C$147.00 to C$157.00 in a research report on Thursday, April 21st. Raymond James set a C$190.00 target price on West Fraser Timber and gave the stock a strong-buy rating in a research note on Friday, April 29th. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Buy and an average target price of C$158.60.

TSE WFG opened at C$117.17 on Tuesday. The firm’s 50-day simple moving average is C$111.08 and its two-hundred day simple moving average is C$113.04. West Fraser Timber has a 52 week low of C$82.09 and a 52 week high of C$130.13. The company has a market cap of C$11.91 billion and a PE ratio of 3.38. The company has a quick ratio of 1.76, a current ratio of 2.67 and a debt-to-equity ratio of 6.90.

West Fraser Timber (TSE:WFG – Get Rating) last announced its quarterly earnings results on Tuesday, February 15th. The company reported C$3.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$4.46 by C($0.54). The firm had revenue of C$2.56 billion during the quarter. As a group, equities research analysts anticipate that West Fraser Timber will post 14.2100001 EPS for the current year.

About West Fraser Timber (Get Rating)

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 and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products.

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