CIBC World Markets Issues Positive Forecast for West Fraser Timber (TSE:WFG) Stock Price

West Fraser Timber (TSE:WFG) had its target price boosted by CIBC World Markets from C$96.00 to C$106.00 in a research report sent to investors on Saturday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the company. TD Securities boosted their target price on West Fraser Timber from C$88.00 to C$93.00 in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce upped their price target on shares of West Fraser Timber from C$96.00 to C$106.00 in a research note on Friday. Finally, Raymond James Financial raised shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$101.67.

West Fraser Timber Trading Down 0.4%

TSE:WFG opened at C$100.09 on Friday. The firm has a market capitalization of C$7.84 billion, a P/E ratio of -30.33 and a beta of 1.74. The company has a debt-to-equity ratio of 7.39, a current ratio of 1.82 and a quick ratio of 2.10. West Fraser Timber has a one year low of C$80.82 and a one year high of C$124.37. The company’s 50-day simple moving average is C$89.50 and its 200 day simple moving average is C$92.92.

West Fraser Timber (TSE:WFG) last announced its earnings results on Wednesday, October 22nd. The company reported C($2.63) earnings per share for the quarter. West Fraser Timber had a negative net margin of 1.53% and a negative return on equity of 1.33%. The business had revenue of C$1.82 billion for the quarter. As a group, analysts forecast that West Fraser Timber will post 8.1184776 EPS for the current fiscal year.

About West Fraser Timber

West Fraser Timber CoLtd is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.