West Fraser Timber (TSE:WFG) PT Raised to C$140.00

West Fraser Timber (TSE:WFG) had its price objective hoisted by investment analysts at CIBC from C$131.00 to C$140.00 in a note issued to investors on Thursday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 28.44% from the company’s previous close.

Separately, Royal Bank of Canada reduced their price target on shares of West Fraser Timber from C$95.00 to C$90.00 and set an “outperform” rating for the company in a research report on Tuesday, December 19th.

West Fraser Timber Stock Performance

TSE:WFG opened at C$109.00 on Thursday. The company has a quick ratio of 2.10, a current ratio of 2.26 and a debt-to-equity ratio of 7.45. The company has a fifty day simple moving average of C$110.16 and a two-hundred day simple moving average of C$105.95. The company has a market cap of C$8.65 billion, a price-to-earnings ratio of -39.93 and a beta of 2.08. West Fraser Timber has a 52 week low of C$88.61 and a 52 week high of C$121.64.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, February 14th. The company reported C($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.38) by C$0.07. West Fraser Timber had a negative net margin of 2.59% and a negative return on equity of 2.25%. The company had revenue of C$2.06 billion during the quarter. As a group, equities analysts anticipate that West Fraser Timber will post 3.9573935 earnings per share for the current fiscal year.

About West Fraser Timber

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.