West Fraser Timber (TSE:WFG) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of West Fraser Timber Co. Ltd. (TSE:WFG) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$95.83 and traded as low as C$94.78. West Fraser Timber shares last traded at C$95.40, with a volume of 145,268 shares trading hands.

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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$96.50.

West Fraser Timber Trading Down 0.7%

The firm has a market cap of C$7.35 billion, a PE ratio of -6.82 and a beta of 0.99. The firm has a fifty day simple moving average of C$95.90 and a two-hundred day simple moving average of C$93.40. The company has a current ratio of 2.29, a quick ratio of 2.10 and a debt-to-equity ratio of 9.54.

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

About West Fraser Timber

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.