West Fraser Timber (TSE:WFG) Given New C$106.00 Price Target at CIBC World Markets

West Fraser Timber (TSE:WFG) had its price target upped by equities research analysts at CIBC World Markets from C$96.00 to C$106.00 in a research report issued on Saturday,BayStreet.CA reports. CIBC World Markets’ price target would indicate a potential upside of 5.90% from the company’s previous close.

A number of other research analysts have also commented on WFG. Canadian Imperial Bank of Commerce upped their price objective on shares of West Fraser Timber from C$96.00 to C$106.00 in a research report on Friday. Raymond James Financial upgraded West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 14th. Finally, TD Securities raised their price objective on West Fraser Timber from C$88.00 to C$93.00 in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$101.67.

West Fraser Timber Stock Performance

Shares of WFG traded down C$0.42 during mid-day trading on Friday, hitting C$100.09. The company’s stock had a trading volume of 255,561 shares, compared to its average volume of 217,077. The stock’s 50-day moving average is C$89.50 and its two-hundred day moving average is C$92.98. The firm has a market capitalization of C$7.84 billion, a PE ratio of -30.33 and a beta of 1.74. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82. West Fraser Timber has a one year low of C$80.82 and a one year high of C$124.37.

West Fraser Timber (TSE:WFG) last released its earnings results on Wednesday, October 22nd. The company reported C($2.63) EPS for the quarter. West Fraser Timber had a negative net margin of 1.53% and a negative return on equity of 1.33%. The company had revenue of C$1.82 billion for the quarter. As a group, sell-side analysts anticipate that West Fraser Timber will post 8.1184776 EPS for the current year.

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.