West Fraser Timber (TSE:WFG – Get Rating) was upgraded by investment analysts at CIBC from a "neutral" rating to an "outperform" rating in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a C$130.00 target price on the stock, up from their previous target price of C$120.00. CIBC's price target points to a potential upside of 12.10% from the stock's current price.
Separately, Scotiabank dropped their target price on West Fraser Timber from C$138.00 to C$132.00 in a research report on Monday, January 9th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$135.40.
Get
West Fraser Timber alerts:
West Fraser Timber Trading Up 0.3 %
Shares of West Fraser Timber stock opened at C$115.97 on Thursday. The firm has a market cap of C$9.74 billion and a price-to-earnings ratio of 3.49. The business has a 50-day moving average price of C$102.28 and a 200-day moving average price of C$107.47. The company has a quick ratio of 2.10, a current ratio of 3.36 and a debt-to-equity ratio of 6.83. West Fraser Timber has a twelve month low of C$89.95 and a twelve month high of C$132.91.
West Fraser Timber (TSE:WFG – Get Rating) last released its quarterly earnings results on Wednesday, October 26th. The company reported C$3.26 EPS for the quarter, topping the consensus estimate of C$2.81 by C$0.45. The company had revenue of C$2.72 billion during the quarter. Equities research analysts anticipate that West Fraser Timber will post 8.84 EPS for the current fiscal year.
West Fraser Timber Company Profile
(Get Rating)
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 and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products.
Further Reading
- MarketBeat Week in Review – 1/23- 1/27
- Why Lucid Spiked Nearly 100% In One Day
- Ride These Railroad Stocks for Growth and Income
- ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
- KLA Corporation: Strength In A Troubled Semi-Market
Receive News & Ratings for West Fraser Timber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber and related companies with MarketBeat.com's FREE daily email newsletter.
