West Fraser Timber (TSE:WFG) Price Target Raised to C$93.00 at TD Securities

West Fraser Timber (TSE:WFG) had its price target raised by stock analysts at TD Securities from C$88.00 to C$93.00 in a note issued to investors on Wednesday,BayStreet.CA reports. TD Securities’ target price would suggest a potential downside of 5.13% from the stock’s current price.

WFG has been the subject of several other research reports. Cibc Captl Mkts lowered West Fraser Timber from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Raymond James Financial raised shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a report on Wednesday, January 14th. Finally, CIBC lowered their price objective on shares of West Fraser Timber from C$113.00 to C$96.00 in a research note on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$94.50.

West Fraser Timber Price Performance

WFG stock traded up C$1.28 during trading on Wednesday, hitting C$98.03. The company had a trading volume of 127,387 shares, compared to its average volume of 204,262. The firm has a market capitalization of C$7.68 billion, a price-to-earnings ratio of -29.71 and a beta of 1.82. 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 business has a 50 day moving average of C$85.96 and a 200 day moving average of C$93.29. West Fraser Timber has a fifty-two week low of C$80.82 and a fifty-two week high of C$133.59.

West Fraser Timber (TSE:WFG) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported C($2.63) earnings per share for the quarter. West Fraser Timber had a negative return on equity of 1.33% and a negative net margin of 1.53%.The company had revenue of C$1.82 billion during the quarter. As a group, research analysts predict 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. West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.