CIBC Issues Pessimistic Forecast for West Fraser Timber (TSE:WFG) Stock Price

West Fraser Timber (TSE:WFG) had its price target dropped by investment analysts at CIBC from C$119.00 to C$113.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target would indicate a potential upside of 22.72% from the company’s previous close.

Separately, Raymond James Financial lowered shares of West Fraser Timber from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, West Fraser Timber currently has a consensus rating of “Moderate Buy” and an average target price of C$113.00.

West Fraser Timber Price Performance

West Fraser Timber stock opened at C$92.08 on Wednesday. The firm has a market capitalization of C$7.26 billion, a PE ratio of -57.19 and a beta of 1.67. West Fraser Timber has a 52 week low of C$89.50 and a 52 week high of C$140.30. The firm’s 50-day simple moving average is C$98.52 and its 200 day simple moving average is C$100.72. 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 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.