West Fraser Timber (TSE:WFG) Given New C$106.00 Price Target at CIBC

West Fraser Timber (TSE:WFG) had its price objective hoisted by research analysts at CIBC from C$96.00 to C$106.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 5.48% from the company’s previous close.

A number of other analysts have also recently issued reports on WFG. Raymond James Financial raised shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 14th. TD Securities increased their price target on West Fraser Timber from C$88.00 to C$93.00 in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$99.50.

West Fraser Timber Stock Performance

TSE:WFG traded down C$0.02 during mid-day trading on Friday, hitting C$100.49. 108,292 shares of the company traded hands, compared to its average volume of 211,178. The company has a quick ratio of 2.10, a current ratio of 1.82 and a debt-to-equity ratio of 7.39. The stock’s fifty day moving average price is C$89.23 and its 200-day moving average price is C$92.97. The firm has a market cap of C$7.87 billion, a price-to-earnings ratio of -30.45 and a beta of 1.74. West Fraser Timber has a one year low of C$80.82 and a one year high of C$124.37.

West Fraser Timber (TSE:WFG) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported C($2.63) earnings per share for the quarter. The company had revenue of C$1.82 billion for the quarter. West Fraser Timber had a negative net margin of 1.53% and a negative return on equity of 1.33%. Research analysts anticipate that West Fraser Timber will post 8.1184776 earnings per share 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.