West Fraser Timber (TSE:WFG) Price Target Raised to C$106.00 at CIBC World Markets
CIBC World Markets has raised its price target for West Fraser Timber (TSE:WFG) from C$96.00 to C$106.00, indicating a potential upside of 5.90%. Other analysts, including TD Securities and Raymond James Financial, have also adjusted their ratings and targets for the stock. Currently, West Fraser Timber has a consensus rating of "Moderate Buy" with an average target price of C$101.67. The stock recently traded at C$100.09, down 0.4%.
West Fraser Timber (TSE:WFG - Get Free Report) had its price objective upped by stock analysts at CIBC World Markets from C$96.00 to C$106.00 in a report released on Saturday,BayStreet.CA reports. CIBC World Markets' price objective would indicate a potential upside of 5.90% from the stock's previous close.
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A number of other equities research analysts have also issued reports on the stock. TD Securities lifted their target price on shares of West Fraser Timber from C$88.00 to C$93.00 in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce lifted their price objective on West Fraser Timber from C$96.00 to C$106.00 in a research report on Friday. Finally, Raymond James Financial upgraded West Fraser Timber from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, West Fraser Timber currently has a consensus rating of "Moderate Buy" and an average target price of C$101.67.
Check Out Our Latest Stock Analysis on West Fraser Timber
West Fraser Timber Stock Down 0.4%
TSE:WFG traded down C$0.42 on Friday, hitting C$100.09. 255,561 shares of the company's stock traded hands, compared to its average volume of 217,077. The company has a market cap of C$7.84 billion, a PE ratio of -30.33 and a beta of 1.74. West Fraser Timber has a 1 year low of C$80.82 and a 1 year high of C$124.37. 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 firm has a 50-day moving average price of C$89.50 and a 200-day moving average price of C$92.98.
West Fraser Timber (TSE:WFG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported C($2.63) EPS 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 for the quarter. Equities analysts anticipate that West Fraser Timber will post 8.1184776 EPS for the current fiscal year.
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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