West Fraser Timber Co. Given Buy Rating at Dundee Securities (WFT)
West Fraser Timber Co. (TSE:WFT)‘s stock had its “buy” rating reiterated by stock analysts at Dundee Securities in a report issued on Wednesday, Analyst Ratings Network reports.
West Fraser Timber Co. (TSE:WFT) traded down 1.65% on Wednesday, hitting $47.23. The stock had a trading volume of 192,102 shares. West Fraser Timber Co. has a 52 week low of $18.765 and a 52 week high of $52.94. The stock has a 50-day moving average of $36.06 and a 200-day moving average of $28.09. The company has a market cap of $4.046 billion and a P/E ratio of 11.80.
A number of other analysts have also recently weighed in on WFT. Analysts at Fraser Mackenzie initiated coverage on shares of West Fraser Timber Co. in a research note on Wednesday. They set a “buy” rating on the stock. Separately, analysts at Raymond James upgraded shares of West Fraser Timber Co. to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, analysts at CIBC raised their price target on shares of West Fraser Timber Co. from C$65.00 to C$66.00 in a research note on Monday, March 10th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. West Fraser Timber Co. has a consensus rating of “Buy” and an average price target of C$69.00.
West Fraser Timber Co Ltd. is a Canada-based wood products company. The Company produces lumber (TSE:WFT) and southern yellow pine (SYP)), panels (plywood, MDF and LVL), pulp (NBSK and BCTMP), newsprint and wood chips.
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