West Fraser Timber (TSE:WFG) Shares Down 0.2% – Here’s Why

West Fraser Timber Co. Ltd. (TSE:WFG)’s stock price fell 0.2% during trading on Friday . The stock traded as low as C$101.18 and last traded at C$104.53. 403,340 shares were traded during trading, an increase of 157% from the average session volume of 156,844 shares. The stock had previously closed at C$104.69.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. CIBC reduced their target price on shares of West Fraser Timber from C$171.00 to C$170.00 in a report on Tuesday, February 18th. Raymond James downgraded West Fraser Timber from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, January 20th.

West Fraser Timber Price Performance

The firm has a market capitalization of C$5.82 billion, a P/E ratio of -62.50 and a beta of 2.03. The company has a fifty day moving average of C$114.43 and a 200 day moving average of C$124.47. The company has a debt-to-equity ratio of 7.39, a current ratio of 1.82 and a quick ratio of 2.10.

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.