West Fraser Timber (TSE:WFG) Price Target Cut to C$142.00 by Analysts at CIBC

West Fraser Timber (TSE:WFG) had its price target cut by CIBC from C$170.00 to C$142.00 in a research report released on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, Raymond James downgraded shares of West Fraser Timber from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, January 20th.

West Fraser Timber Stock Performance

TSE:WFG opened at C$102.94 on Tuesday. 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 stock has a 50 day simple moving average of C$108.94 and a 200 day simple moving average of C$122.23. West Fraser Timber has a 1-year low of C$98.05 and a 1-year high of C$141.27. The stock has a market cap of C$5.73 billion, a P/E ratio of -61.55 and a beta of 2.03.

West Fraser Timber Company Profile

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.