West Fraser Timber (TSE:WFG) Price Target Increased to C$138.00 by Analysts at CIBC

West Fraser Timber (TSE:WFG) had its target price hoisted by CIBC from C$125.00 to C$138.00 in a report issued on Monday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

West Fraser Timber Price Performance

TSE:WFG opened at C$122.43 on Monday. West Fraser Timber has a one year low of C$88.61 and a one year high of C$124.18. The company has a debt-to-equity ratio of 7.23, a quick ratio of 2.10 and a current ratio of 2.33. The stock has a market cap of C$9.70 billion, a PE ratio of -83.68 and a beta of 2.09. The stock has a 50 day moving average price of C$108.09 and a 200 day moving average price of C$109.04.

West Fraser Timber Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Wednesday, June 26th were issued a $0.441 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Wednesday, June 26th. This is a boost from West Fraser Timber’s previous quarterly dividend of $0.40. West Fraser Timber’s dividend payout ratio (DPR) is currently -109.46%.

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.