CIBC Raises West Fraser Timber (TSE:WFG) Price Target to C$140.00

West Fraser Timber (TSE:WFG) had its target price upped by research analysts at CIBC from C$131.00 to C$140.00 in a research report issued on Thursday, BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 28.44% from the company’s previous close.

Separately, Royal Bank of Canada decreased their target price on shares of West Fraser Timber from C$95.00 to C$90.00 and set an “outperform” rating for the company in a research report on Tuesday, December 19th.

West Fraser Timber Stock Down 2.5 %

WFG stock opened at C$109.00 on Thursday. The stock has a market capitalization of C$8.65 billion, a P/E ratio of -39.93 and a beta of 2.08. The company has a current ratio of 2.26, a quick ratio of 2.10 and a debt-to-equity ratio of 7.45. West Fraser Timber has a 12 month low of C$88.61 and a 12 month high of C$121.64. The firm has a 50-day moving average price of C$110.16 and a 200-day moving average price of C$105.95.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, February 14th. The company reported C($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.38) by C$0.07. West Fraser Timber had a negative return on equity of 2.25% and a negative net margin of 2.59%. The company had revenue of C$2.06 billion during the quarter. As a group, equities research analysts anticipate that West Fraser Timber will post 3.9573935 EPS for the current fiscal year.

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.