West Fraser Timber (TSE:WFG) Sets New 12-Month Low – Should You Sell?

West Fraser Timber Co. Ltd. (TSE:WFG)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$80.38 and last traded at C$80.69, with a volume of 13384 shares traded. The stock had previously closed at C$81.57.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Canadian Imperial Bank of Commerce decreased their price objective on shares of West Fraser Timber from C$102.00 to C$100.00 in a research note on Friday, May 1st. Raymond James Financial downgraded West Fraser Timber from a “moderate buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, TD Securities increased their price target on West Fraser Timber from C$88.00 to C$93.00 in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$96.50.

West Fraser Timber Price Performance

The business’s fifty day moving average is C$87.65 and its 200-day moving average is C$88.66. The company has a debt-to-equity ratio of 9.37, a current ratio of 1.84 and a quick ratio of 2.10. The firm has a market cap of C$6.41 billion, a PE ratio of -5.48 and a beta of 1.23.

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.