CIBC Lowers West Fraser Timber (TSE:WFG) Price Target to C$170.00

West Fraser Timber (TSE:WFG) had its target price dropped by equities research analysts at CIBC from C$171.00 to C$170.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 49.25% from the stock’s current price.

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

West Fraser Timber Stock Up 0.8 %

Shares of TSE WFG traded up C$0.89 during trading on Tuesday, reaching C$113.90. The company had a trading volume of 91,296 shares, compared to its average volume of 138,235. West Fraser Timber has a 12-month low of C$100.84 and a 12-month high of C$141.27. The stock has a market cap of C$6.34 billion, a PE ratio of -68.10 and a beta of 2.03. The business’s 50-day moving average is C$125.04 and its 200 day moving average is C$126.28. The company has a quick ratio of 2.10, a current ratio of 1.82 and a debt-to-equity ratio of 7.39.

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.