West Fraser Timber (TSE:WFG) Share Price Breaks Below 50-Day Moving Average – Should You Sell?

West Fraser Timber Co. Ltd. (TSE:WFG)’s stock price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty 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 analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$96.50.

West Fraser Timber Trading Down 0.8%

The company has a quick ratio of 2.10, a current ratio of 2.29 and a debt-to-equity ratio of 9.54. The company has a market capitalization of C$7.47 billion, a PE ratio of -6.94 and a beta of 0.99. The stock’s fifty day moving average price is C$95.83 and its two-hundred day moving average price is C$93.45.

West Fraser Timber (TSE:WFG) last announced its quarterly 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%. Sell-side analysts anticipate that West Fraser Timber Co. Ltd. will post 8.12 earnings per share for the current year.

West Fraser Timber Company Profile

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.