West Fraser Timber (TSE:WFG) Hits New 1-Year Low – Here’s What Happened

West Fraser Timber Co. Ltd. (TSE:WFG)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$80.38 and last traded at C$80.69, with a volume of 13384 shares changing hands. The stock had previously closed at C$81.57.

Analyst Upgrades and Downgrades

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

West Fraser Timber Stock Performance

The stock’s 50-day moving average is C$87.42 and its 200-day moving average is C$88.61. The stock has a market cap of C$6.56 billion, a price-to-earnings ratio of -5.61 and a beta of 1.23. The company has a debt-to-equity ratio of 9.37, a current ratio of 1.84 and a quick ratio of 2.10.

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.