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

West Fraser Timber (TSE:WFG) had its price target dropped by equities research analysts at CIBC from C$113.00 to C$96.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 12.39% from the stock’s current price.

West Fraser Timber Trading Up 3.5%

West Fraser Timber stock opened at C$85.42 on Tuesday. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82. The stock has a market cap of C$6.69 billion, a PE ratio of -25.88 and a beta of 1.75. The stock has a 50-day moving average of C$88.20 and a two-hundred day moving average of C$96.41. West Fraser Timber has a one year low of C$80.82 and a one year high of C$133.59.

West Fraser Timber (TSE:WFG) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported C($2.63) earnings per share (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. On average, research analysts anticipate that West Fraser Timber will post 8.1184776 EPS for the current fiscal year.

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.