CIBC Forecasts Strong Price Appreciation for West Fraser Timber (TSE:WFG) Stock

West Fraser Timber (TSE:WFG) had its price target boosted by stock analysts at CIBC from C$164.00 to C$171.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 34.00% from the company’s previous close.

West Fraser Timber Trading Up 0.6 %

TSE:WFG opened at C$127.61 on Wednesday. West Fraser Timber has a 1 year low of C$100.84 and a 1 year high of C$141.27. The stock has a market cap of C$9.97 billion, a P/E ratio of 55.97 and a beta of 2.03. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 2.33. The stock has a 50-day simple moving average of C$128.44 and a 200-day simple moving average of C$123.35.

West Fraser Timber (TSE:WFG) last posted its earnings results on Wednesday, October 23rd. The company reported C($1.41) earnings per share for the quarter, missing the consensus estimate of C($0.62) by C($0.79). The business had revenue of C$1.96 billion for the quarter, compared to analysts’ expectations of C$2.01 billion. West Fraser Timber had a return on equity of 1.98% and a net margin of 2.21%. As a group, analysts anticipate that West Fraser Timber will post 8.1184776 earnings per share for the current fiscal year.

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.