West Fraser Timber (TSE:WFG) Price Target Raised to C$93.00

West Fraser Timber (TSE:WFG) had its price target upped by TD Securities from C$88.00 to C$93.00 in a report issued on Wednesday,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on WFG. Raymond James Financial raised West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 14th. Cibc Captl Mkts lowered shares of West Fraser Timber from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, CIBC dropped their price target on shares of West Fraser Timber from C$113.00 to C$96.00 in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$94.50.

West Fraser Timber Stock Performance

TSE:WFG opened at C$98.81 on Wednesday. The stock’s 50-day moving average is C$86.81 and its 200-day moving average is C$93.33. The stock has a market cap of C$7.74 billion, a P/E ratio of -29.94 and a beta of 1.82. West Fraser Timber has a 1-year low of C$80.82 and a 1-year high of C$132.63. The company has a current ratio of 1.82, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39.

West Fraser Timber (TSE:WFG) last announced its earnings results on Wednesday, October 22nd. The company reported C($2.63) EPS for the quarter. The company had revenue of C$1.82 billion during the quarter. West Fraser Timber had a negative net margin of 1.53% and a negative return on equity of 1.33%. Equities research analysts anticipate that West Fraser Timber will post 8.1184776 earnings per share for the current 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. West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.