Raymond James Financial Downgrades West Fraser Timber (TSE:WFG) to Hold

West Fraser Timber (TSE:WFG) was downgraded by analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, CIBC reduced their price target on shares of West Fraser Timber from C$170.00 to C$142.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd.

West Fraser Timber Stock Performance

Shares of WFG stock opened at C$99.21 on Monday. The company has a 50 day moving average price of C$102.56 and a 200-day moving average price of C$109.49. West Fraser Timber has a 52 week low of C$98.05 and a 52 week high of C$141.27. The firm has a market capitalization of C$5.53 billion, a PE ratio of -59.32 and a beta of 2.03. The company has a quick ratio of 2.10, a current ratio of 1.82 and a debt-to-equity ratio of 7.39.

About West Fraser Timber

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.