West Fraser Timber (TSE:WFG) Price Target Raised to C$106.00 at CIBC World Markets

West Fraser Timber (TSE:WFG - Get Free Report) had its price objective upped by stock analysts at CIBC World Markets from C$96.00 to C$106.00 in a report released on Saturday,BayStreet.CA reports. CIBC World Markets' price objective would indicate a potential upside of 5.90% from the stock's previous close.Get West Fraser Timber alerts:A number of other equities research analysts have also issued reports on the stock. TD Securities lifted their target price on shares of West Fraser Timber from C$88.00 to C$93.00 in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce lifted their price objective on West Fraser Timber from C$96.00 to C$106.00 in a research report on Friday. Finally, Raymond James Financial upgraded West Fraser Timber from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, West Fraser Timber currently has a consensus rating of "Moderate Buy" and an average target price of C$101.67.Check Out Our Latest Stock Analysis on West Fraser TimberWest Fraser Timber Stock Down 0.4%TSE:WFG traded down C$0.42 on Friday, hitting C$100.09. 255,561 shares of the company's stock traded hands, compared to its average volume of 217,077. The company has a market cap of C$7.84 billion, a PE ratio of -30.33 and a beta of 1.74. West Fraser Timber has a 1 year low of C$80.82 and a 1 year high of C$124.37. 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 firm has a 50-day moving average price of C$89.50 and a 200-day moving average price of C$92.98. West Fraser Timber (TSE:WFG - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported C($2.63) EPS for the quarter. West Fraser Timber had a negative return on equity of 1.33% and a negative net margin of 1.53%.The company had revenue of C$1.82 billion for the quarter. Equities analysts anticipate that West Fraser Timber will post 8.1184776 EPS for the current fiscal year. About West Fraser Timber (Get Free Report)West Fraser Timber CoLtd is a diversified wood products company with more than 60 facilities in Canada, the United States, the United Kingdom, and Europe. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), pulp, newsprint, wood chips, other residuals, and renewable energy. West Fraser's products are used in home construction, repair and remodeling, industrial applications, papers, tissue, and box materials. See AlsoFive stocks we like better than West Fraser TimberNEW LAW: Congress Approves Setup For Digital Dollar?The day the gold market brokeYour Bank Account Is No Longer SafeWhat a Former CIA Agent Knows About the Coming CollapseHe just nailed another gold prediction …This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in West Fraser Timber Right Now?Before you consider West Fraser Timber, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and West Fraser Timber wasn't on the list.While West Fraser Timber currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here