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.

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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.

Analyst Recommendations for West Fraser Timber Co. (TSE:WFT)

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