West Fraser Timber (TSE:WFG) Stock Price Down 0.2% – Should You Sell?

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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 reduced their price objective on shares of West Fraser Timber from C$171.00 to C$170.00 in a research report on Tuesday, February 18th.

West Fraser Timber Stock Down 0.2 %

The stock has a market cap of C$5.82 billion, a price-to-earnings ratio of -62.50 and a beta of 2.03. The firm’s fifty day moving average price is C$114.43 and its two-hundred day moving average price is C$124.47. The company has a debt-to-equity ratio of 7.39, a current ratio of 1.82 and a quick ratio of 2.10.

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.