West Fraser Timber (TSE:WFT) Stock Crosses Above 200-Day Moving Average of $54.34

West Fraser Timber Co. Ltd. (TSE:WFT)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $54.34 and traded as high as $55.57. West Fraser Timber shares last traded at $54.01, with a volume of 271,457 shares changing hands.

Several research firms have issued reports on WFT. CIBC decreased their price target on shares of West Fraser Timber from C$65.00 to C$58.00 in a research report on Friday, October 11th. Raymond James set a C$76.00 price objective on shares of West Fraser Timber and gave the stock a “strong-buy” rating in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$70.60.

The firm has a fifty day simple moving average of C$57.93 and a 200 day simple moving average of C$54.34. The company has a current ratio of 1.51, a quick ratio of 0.61 and a debt-to-equity ratio of 38.59. The stock has a market cap of $3.79 billion and a price-to-earnings ratio of -36.79.

West Fraser Timber (TSE:WFT) last announced its quarterly earnings data on Monday, October 21st. The company reported C($0.29) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.63) by C$0.34. The firm had revenue of C$1.19 billion for the quarter. On average, equities analysts expect that West Fraser Timber Co. Ltd. will post 2.95 earnings per share for the current year.

West Fraser Timber Company Profile (TSE:WFT)

West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce-pine-fir and southern yellow pine lumber, as well as newsprint, wood chips, and other residuals and energy products. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.

See Also: What is systematic risk?

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.