West Fraser Timber (TSE:WFG) Shares Down 2.1% – Here’s Why

West Fraser Timber Co. Ltd. (TSE:WFG) was down 2.1% during trading on Thursday . The company traded as low as C$102.51 and last traded at C$102.72. Approximately 155,503 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 169,269 shares. The stock had previously closed at C$104.97.

Wall Street Analysts Forecast Growth

Separately, CIBC cut their target price 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 report on Tuesday, April 22nd.

West Fraser Timber Trading Down 2.1%

The business has a 50 day moving average of C$102.54 and a 200-day moving average of C$111.34. The stock has a market cap of C$5.72 billion, a PE ratio of -61.42 and a beta of 2.03. The company has a current ratio of 1.82, a quick ratio of 2.10 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.