West Fraser Timber (TSE:WFG) Given New C$106.00 Price Target at Canadian Imperial Bank of Commerce

West Fraser Timber (TSE:WFGFree Report) had its price target upped by Canadian Imperial Bank of Commerce from C$96.00 to C$106.00 in a research report report published on Friday morning,BayStreet.CA reports.

WFG has been the topic of a number of other reports. TD Securities lifted their price target on West Fraser Timber from C$88.00 to C$93.00 in a research note on Wednesday, January 21st. Raymond James Financial upgraded shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$99.50.

Check Out Our Latest Research Report on WFG

West Fraser Timber Stock Down 0.4%

WFG opened at C$100.09 on Friday. The company has a 50 day moving average of C$89.50 and a 200 day moving average of C$92.98. The company has a market cap of C$7.84 billion, a PE ratio of -30.33 and a beta of 1.74. West Fraser Timber has a 12 month low of C$80.82 and a 12 month high of C$124.37. The company has a current ratio of 1.82, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39.

West Fraser Timber (TSE:WFGGet Free Report) last posted its earnings results on Wednesday, October 22nd. The company reported C($2.63) earnings per share (EPS) for the quarter. The firm had revenue of C$1.82 billion during the quarter. West Fraser Timber had a negative return on equity of 1.33% and a negative net margin of 1.53%. On average, sell-side analysts expect that West Fraser Timber will post 8.1184776 EPS for the current year.

West Fraser Timber Company Profile

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West Fraser Timber CoLtd is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.

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