West Fraser Timber (TSE:WFG) Given New C$170.00 Price Target at CIBC

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

Separately, Raymond James cut shares of 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 Up 0.9 %

WFG stock opened at C$114.02 on Tuesday. 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 company’s 50 day moving average is C$125.04 and its 200 day moving average is C$126.28. The stock has a market cap of C$6.35 billion, a price-to-earnings ratio of -68.17 and a beta of 2.03. West Fraser Timber has a 1-year low of C$100.84 and a 1-year high of C$141.27.

West Fraser Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, January 14th were given a dividend of $0.32 per share. 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 currently -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.