CIBC Cuts West Fraser Timber (TSE:WFG) Price Target to C$170.00

West Fraser Timber (TSE:WFG - Get Free Report) had its price target dropped by CIBC from C$171.00 to C$170.00 in a report issued on Tuesday,BayStreet.CA reports. CIBC's target price would indicate a potential upside of 51.50% from the company's current price.

Separately, Raymond James lowered shares of West Fraser Timber from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, January 20th.

West Fraser Timber Stock Performance

WFG traded down C$1.59 during trading on Tuesday, hitting C$112.21. The stock had a trading volume of 112,712 shares, compared to its average volume of 145,695. The company has a 50 day moving average price of C$123.66 and a 200-day moving average price of C$126.00. The firm has a market cap of C$6.25 billion, a price-to-earnings ratio of -67.09 and a beta of 2.03. West Fraser Timber has a one year low of C$100.84 and a one year high of C$141.27. The company has a debt-to-equity ratio of 7.39, a current ratio of 1.82 and a quick ratio of 2.10.

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.