West Fraser Timber (TSE:WFG) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

West Fraser Timber Co. Ltd. (TSE:WFG)’s stock price crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$93.48 and traded as low as C$92.11. West Fraser Timber shares last traded at C$92.35, with a volume of 207,029 shares traded.

Analysts Set New Price Targets

Separately, Raymond James Financial raised shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, September 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$96.50.

West Fraser Timber Price Performance

The company has a debt-to-equity ratio of 9.54, a quick ratio of 2.10 and a current ratio of 2.29. The firm has a market capitalization of C$7.23 billion, a P/E ratio of -6.72 and a beta of 1.05. The stock’s 50 day simple moving average is C$95.74 and its 200 day simple moving average is C$93.48.

West Fraser Timber (TSE:WFG) last announced its quarterly earnings results on Wednesday, October 28th. The company reported C($1.47) earnings per share (EPS) for the quarter. The firm had revenue of C$1.94 billion during the quarter. West Fraser Timber had a negative net margin of 23.89% and a negative return on equity of 24.07%. As a group, analysts expect that West Fraser Timber Co. Ltd. will post 8.12 earnings per share for the current fiscal year.

West Fraser Timber Company Profile

West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers and tissue.