West Fraser Timber (TSE:WFG) Trading Down 0.8% – Time to Sell?

Shares of West Fraser Timber Co. Ltd. (TSE:WFG) fell 0.8% during trading on Monday . The stock traded as low as C$90.56 and last traded at C$91.66. 280,078 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 233,413 shares. The stock had previously closed at C$92.36.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Cibc Captl Mkts downgraded West Fraser Timber from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. CIBC dropped their price objective on shares of West Fraser Timber from C$113.00 to C$96.00 in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$96.00.

West Fraser Timber Stock Down 0.8%

The firm’s fifty day simple moving average is C$84.41 and its 200 day simple moving average is C$93.55. The company has a current ratio of 1.82, a quick ratio of 2.10 and a debt-to-equity ratio of 7.39. The company has a market cap of C$7.18 billion, a price-to-earnings ratio of -27.78 and a beta of 1.82.

West Fraser Timber (TSE:WFG) last released its quarterly earnings data on Wednesday, October 22nd. The company reported C($2.63) EPS for the quarter. The business had revenue of C$1.82 billion during the quarter. West Fraser Timber had a negative net margin of 1.53% and a negative return on equity of 1.33%. Sell-side analysts predict that West Fraser Timber Co. Ltd. will post 8.1184776 earnings per share for the current year.

About West Fraser Timber

West Fraser Timber CoLtd is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser’s products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials.