Shares of West Fraser Timber Co. Ltd. (TSE:WFG – Get Free Report) were up 2.9% during trading on Tuesday . The stock traded as high as C$93.04 and last traded at C$92.99. Approximately 164,485 shares traded hands during trading, a decline of 6% from the average daily volume of 175,169 shares. The stock had previously closed at C$90.37.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Raymond James Financial downgraded shares of West Fraser Timber from a “moderate buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Canadian Imperial Bank of Commerce reduced their price target on shares of West Fraser Timber from C$102.00 to C$100.00 in a research report on Friday, May 1st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, West Fraser Timber currently has an average rating of “Hold” and an average target price of C$96.50.
View Our Latest Stock Analysis on WFG
West Fraser Timber Trading Up 2.9%
West Fraser Timber (TSE:WFG – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C($3.35) EPS for the quarter. The firm had revenue of C$1.86 billion during the quarter. West Fraser Timber had a negative net margin of 22.93% and a negative return on equity of 23.22%. As a group, sell-side analysts predict that West Fraser Timber Co. Ltd. will post 8.1184776 EPS for the current year.
About West Fraser Timber
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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