West Fraser Timber (TSE:WFG) Trading Down 2.6% – Here’s Why

West Fraser Timber Co. Ltd. (TSE:WFG)’s stock price dropped 2.6% during trading on Wednesday . The company traded as low as C$99.75 and last traded at C$99.82. Approximately 293,649 shares were traded during trading, an increase of 58% from the average daily volume of 185,539 shares. The stock had previously closed at C$102.45.

Analyst Ratings Changes

Separately, Raymond James Financial cut shares of West Fraser Timber from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 21st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$142.00.

West Fraser Timber Price Performance

The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82. The firm has a market cap of C$5.56 billion, a price-to-earnings ratio of -59.68 and a beta of 2.03. The stock’s 50 day simple moving average is C$100.92 and its 200-day simple moving average is C$105.31.

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.