West Fraser Timber (TSE:WFT) PT Lowered to C$61.00 at Scotiabank

West Fraser Timber (TSE:WFT) had its price target decreased by Scotiabank from C$66.00 to C$61.00 in a research report sent to investors on Monday, BayStreet.CA reports.

Several other research analysts have also recently weighed in on WFT. Raymond James dropped their price target on shares of West Fraser Timber from C$72.00 to C$64.00 and set a strong-buy rating on the stock in a research note on Friday, March 20th. CIBC upgraded shares of West Fraser Timber from a neutral rating to an outperform rating in a research note on Thursday, March 5th. Royal Bank of Canada lifted their price target on shares of West Fraser Timber from C$70.00 to C$80.00 and gave the stock an outperform rating in a research note on Thursday, February 13th. Finally, TD Securities lifted their price target on shares of West Fraser Timber from C$70.00 to C$75.00 and gave the stock a buy rating in a research note on Thursday, February 13th.

Shares of WFT stock opened at C$29.83 on Monday. West Fraser Timber has a 12-month low of C$21.60 and a 12-month high of C$70.46. The company has a current ratio of 1.37, a quick ratio of 0.49 and a debt-to-equity ratio of 42.24. The firm’s 50 day moving average is C$47.70 and its 200 day moving average is C$53.82. The stock has a market capitalization of $1.91 billion and a P/E ratio of -12.74.

West Fraser Timber (TSE:WFT) last issued its quarterly earnings results on Tuesday, February 11th. The company reported C($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.47) by C$0.31. The business had revenue of C$1.13 billion for the quarter. As a group, equities analysts predict that West Fraser Timber will post 4.5 earnings per share for the current year.

West Fraser Timber Company Profile

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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