West Fraser Timber (TSE:WFG) Stock Price Down 0.2% - Here's Why

Shares of West Fraser Timber Co. Ltd. (TSE:WFG - Get Free Report) were down 0.2% on Friday . The stock traded as low as C$101.18 and last traded at C$104.53. Approximately 403,340 shares were traded during mid-day trading, an increase of 157% from the average daily volume of 156,844 shares. The stock had previously closed at C$104.69.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WFG. CIBC dropped their price objective on shares of West Fraser Timber from C$171.00 to C$170.00 in a research note on Tuesday, February 18th. Raymond James cut shares of West Fraser Timber from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, January 20th.

West Fraser Timber Trading Up 5.2 %

The company has a 50 day moving average of C$112.82 and a 200 day moving average of C$123.97. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82. The stock has a market capitalization of C$5.92 billion, a price-to-earnings ratio of -63.57 and a beta of 2.03.

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.