West Fraser Timber Co. Ltd. (TSE:WFT) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $54.78 and traded as high as $60.83. West Fraser Timber shares last traded at $60.48, with a volume of 156,699 shares trading hands.

Several equities analysts have issued reports on WFT shares. CIBC cut their target price on West Fraser Timber from C$65.00 to C$58.00 in a research note on Friday, October 11th. TD Securities cut their target price on West Fraser Timber from C$74.00 to C$70.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd. Royal Bank of Canada cut their target price on West Fraser Timber from C$77.00 to C$75.00 and set an “outperform” rating on the stock in a research note on Monday, July 22nd. Raymond James set a C$76.00 target price on West Fraser Timber and gave the company a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets cut their target price on West Fraser Timber from C$78.00 to C$74.00 in a research note on Monday, July 22nd. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$70.60.

The firm has a market cap of $3.96 billion and a PE ratio of -40.94. The company has a quick ratio of 0.61, a current ratio of 1.51 and a debt-to-equity ratio of 38.59. The stock has a 50 day moving average price of C$55.85 and a two-hundred day moving average price of C$54.78.

West Fraser Timber (TSE:WFT) last issued its quarterly earnings results on Monday, October 21st. The company reported C($0.29) earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.63) by C$0.34. The business had revenue of C$1.19 billion for the quarter. As a group, equities analysts anticipate that West Fraser Timber Co. Ltd. will post 2.9499999 earnings per share for the current year.

West Fraser Timber Company Profile (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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