CIBC Cuts West Fraser Timber (TSE:WFG) Price Target to C$170.00

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

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

West Fraser Timber Stock Performance

West Fraser Timber stock opened at C$113.80 on Tuesday. The company has a debt-to-equity ratio of 7.39, a quick ratio of 2.10 and a current ratio of 1.82. The company has a market capitalization of C$6.34 billion, a PE ratio of -68.04 and a beta of 2.03. The company has a 50 day moving average price of C$123.96 and a 200-day moving average price of C$126.06. West Fraser Timber has a fifty-two week low of C$100.84 and a fifty-two week high of C$141.27.

West Fraser Timber Announces Dividend

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