West Fraser Timber (TSE:WFG) Stock Price Expected to Rise, CIBC Analyst Says

West Fraser Timber (TSE:WFG) had its price objective boosted by equities research analysts at CIBC from C$164.00 to C$171.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 35.95% from the stock’s current price.

West Fraser Timber Trading Up 1.5 %

Shares of West Fraser Timber stock traded up C$1.81 during mid-day trading on Wednesday, hitting C$125.78. The stock had a trading volume of 101,302 shares, compared to its average volume of 118,742. The firm has a 50-day moving average of C$128.50 and a two-hundred day moving average of C$123.18. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 7.39. West Fraser Timber has a 12-month low of C$100.84 and a 12-month high of C$141.27. The firm has a market cap of C$9.82 billion, a P/E ratio of 55.17 and a beta of 2.03.

West Fraser Timber (TSE:WFG) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported C($1.41) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.62) by C($0.79). The firm had revenue of C$1.96 billion during the quarter, compared to analyst estimates of C$2.01 billion. West Fraser Timber had a net margin of 2.21% and a return on equity of 1.98%. Sell-side analysts forecast that West Fraser Timber will post 8.1184776 earnings per share for the current year.

West Fraser Timber Company Profile

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.