West Fraser Timber Co. Ltd. (WFT) Price Target Raised to C$67.00 at Scotiabank
West Fraser Timber Co. Ltd. (TSE:WFT) had its target price lifted by equities research analysts at Scotiabank from C$64.00 to C$67.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 3.47% from the company’s current price.
A number of other brokerages also recently weighed in on WFT. Royal Bank Of Canada downgraded shares of West Fraser Timber Co. from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from C$55.00 to C$53.00 in a research note on Wednesday, April 26th. BMO Capital Markets set a C$68.00 price target on shares of West Fraser Timber Co. and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. TD Securities lifted their price target on shares of West Fraser Timber Co. from C$68.00 to C$71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Finally, Raymond James Financial, Inc. set a C$67.00 target price on shares of West Fraser Timber Co. and gave the stock an “outperform” rating in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. West Fraser Timber Co. has an average rating of “Buy” and an average price target of C$65.00.
Shares of West Fraser Timber Co. (TSE WFT) traded down 1.20% during mid-day trading on Friday, hitting $63.97. 273,717 shares of the company traded hands. The stock has a market capitalization of $5.00 billion and a price-to-earnings ratio of 12.85. West Fraser Timber Co. has a one year low of $38.18 and a one year high of $65.88. The firm has a 50-day moving average of $60.89 and a 200-day moving average of $56.00.
COPYRIGHT VIOLATION WARNING: This story was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/07/21/west-fraser-timber-co-ltd-wft-price-target-raised-to-c67-00-at-scotiabank.html.
In other news, insider Larry Earl Gardner sold 1,800 shares of the stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of C$59.51, for a total transaction of C$107,118.00.
About West Fraser Timber Co.
West Fraser Timber Co Ltd. is a diversified wood products company, which produces lumber (spruce-pine-fir (SPF) and southern yellow pine (SYP)), panels (plywood, medium-density fiberboard (MDF) and laminated veneer lumber (LVL)), pulp (northern bleached softwood kraft (NBSK) and bleached chemi-thermomechanical pulp (BCTMP)), newsprint, wood chips and energy.
Receive News & Ratings for West Fraser Timber Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber Co. Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.