West Fraser Timber Co. Ltd. (TSE:WFT) reached a new 52-week low during trading on Thursday . The company traded as low as C$58.05 and last traded at C$58.26, with a volume of 84683 shares. The stock had previously closed at C$58.74.
WFT has been the topic of a number of research reports. TD Securities lowered their price target on shares of West Fraser Timber from C$86.00 to C$84.00 and set a “buy” rating on the stock in a report on Thursday, February 14th. Raymond James lowered their price target on shares of West Fraser Timber from C$94.00 to C$84.00 in a report on Wednesday, April 3rd. BMO Capital Markets raised shares of West Fraser Timber from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$68.00 to C$78.00 in a report on Tuesday, March 12th. CIBC lowered their price target on shares of West Fraser Timber from C$70.00 to C$68.00 in a report on Tuesday, April 30th. Finally, Royal Bank of Canada lowered their price target on shares of West Fraser Timber from C$90.00 to C$84.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$78.00.
The company has a current ratio of 1.76, a quick ratio of 0.59 and a debt-to-equity ratio of 36.61. The firm has a market cap of $4.04 billion and a PE ratio of 7.23.
West Fraser Timber (TSE:WFT) last issued its earnings results on Tuesday, February 12th. The company reported C$0.50 earnings per share (EPS) for the quarter. The business had revenue of C$1.27 billion for the quarter. Equities analysts anticipate that West Fraser Timber Co. Ltd. will post 4.94999944382029 earnings per share for the current year.
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About West Fraser Timber (TSE:WFT)
West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce-pine-fir and southern yellow pine lumber, as well as newsprint, wood chips, and other residuals and energy products. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.
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