CIBC Issues Pessimistic Forecast for West Fraser Timber (TSE:WFG) Stock Price

West Fraser Timber (TSE:WFG) had its target price decreased by CIBC from C$171.00 to C$170.00 in a research report report published on Tuesday morning,BayStreet.CA reports.

Separately, Raymond James lowered West Fraser Timber from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, January 20th.

West Fraser Timber Stock Performance

Shares of WFG stock opened at C$114.02 on Tuesday. The stock has a fifty day moving average of C$125.04 and a 200 day moving average of C$126.28. West Fraser Timber has a 52 week low of C$100.84 and a 52 week high of C$141.27. The firm has a market capitalization of C$6.35 billion, a price-to-earnings ratio of -68.17 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.

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, January 14th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Friday, December 27th. West Fraser Timber’s payout ratio is -103.44%.

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.