West Fraser Timber (TSE:WFG) Price Target Cut to C$96.00 by Analysts at CIBC

West Fraser Timber (TSE:WFG) had its target price lowered by CIBC from C$113.00 to C$96.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 16.43% from the stock’s current price.

West Fraser Timber Stock Down 3.2%

Shares of WFG traded down C$2.71 during midday trading on Tuesday, hitting C$82.45. 105,026 shares of the company’s stock traded hands, compared to its average volume of 216,207. 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 market capitalization of C$6.46 billion, a price-to-earnings ratio of -24.98 and a beta of 1.75. West Fraser Timber has a 1 year low of C$80.82 and a 1 year high of C$133.59. The firm’s fifty day moving average is C$88.62 and its 200-day moving average is C$96.62.

West Fraser Timber (TSE:WFG) last released its quarterly earnings results on Wednesday, October 22nd. The company reported C($2.63) EPS 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 during the quarter. As a group, sell-side analysts anticipate that West Fraser Timber will post 8.1184776 earnings per share for the current year.

West Fraser Timber Company Profile

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.