West Fraser Timber (TSE:WFG) Reaches New 52-Week Low – Here’s Why

West Fraser Timber Co. Ltd. (TSE:WFG – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$80.38 and last traded at C$80.69, with a volume of 13384 shares. The stock had previously closed at C$81.57.

Wall Street Analyst Weigh In

WFG has been the topic of several analyst reports. TD Securities increased their price target on shares of West Fraser Timber from C$88.00 to C$93.00 in a research report on Wednesday, January 21st. Raymond James Financial downgraded West Fraser Timber from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, Canadian Imperial Bank of Commerce decreased their price target on shares of West Fraser Timber from C$102.00 to C$100.00 in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, West Fraser Timber has a consensus rating of “Hold” and an average price target of C$96.50.

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West Fraser Timber Stock Up 0.3%

The company has a quick ratio of 2.10, a current ratio of 1.84 and a debt-to-equity ratio of 9.37. The stock’s 50-day simple moving average is C$87.65 and its 200 day simple moving average is C$88.66. The firm has a market cap of C$6.41 billion, a P/E ratio of -5.48 and a beta of 1.23.

About West Fraser Timber

(Get Free Report)

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.

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