West Fraser Timber (TSE:WFG) Shares Down 0.2% – Here’s What Happened

West Fraser Timber Co. Ltd. (TSE:WFG) dropped 0.2% during trading on Friday . The stock traded as low as C$101.18 and last traded at C$104.53. Approximately 403,340 shares changed hands during trading, an increase of 157% from the average daily volume of 156,844 shares. The stock had previously closed at C$104.69.

Analyst Ratings Changes

WFG has been the topic of a number of research reports. Raymond James lowered West Fraser Timber from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, January 20th. CIBC dropped their price objective on shares of West Fraser Timber from C$171.00 to C$170.00 in a research note on Tuesday, February 18th.

West Fraser Timber Price Performance

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 business has a fifty day simple moving average of C$114.43 and a 200 day simple moving average of C$124.47. The stock has a market capitalization of C$5.82 billion, a P/E ratio of -62.50 and a beta of 2.03.

West Fraser Timber Company Profile

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.