West Fraser Timber Co. Ltd. (TSE:WFT) had its target price increased by analysts at CIBC from C$62.00 to C$66.00 in a report issued on Tuesday. CIBC’s price target would suggest a potential upside of 3.68% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada cut shares of West Fraser Timber Co. from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from C$55.00 to C$53.00 in a research note on Wednesday, April 26th. Scotiabank set a C$58.25 price objective on shares of West Fraser Timber Co. and gave the stock an “outperform” rating in a research note on Tuesday, April 25th. TD Securities lifted their price objective 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. Raymond James Financial, Inc. set a C$67.00 price objective on shares of West Fraser Timber Co. and gave the stock an “outperform” rating in a research note on Tuesday, April 25th. Finally, BMO Capital Markets set a C$68.00 price objective on shares of West Fraser Timber Co. and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. West Fraser Timber Co. presently has a consensus rating of “Buy” and an average price target of C$66.67.

Shares of West Fraser Timber Co. (TSE:WFT) traded down 0.70% during mid-day trading on Tuesday, hitting $63.66. 277,428 shares of the company’s stock traded hands. West Fraser Timber Co. has a 1-year low of $38.18 and a 1-year high of $65.88. The stock has a 50 day moving average price of $61.13 and a 200-day moving average price of $56.31. The stock has a market cap of $4.98 billion and a P/E ratio of 10.99.

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In other West Fraser Timber Co. news, insider Larry Earl Gardner sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of C$59.51, for a total value of C$107,118.00.

West Fraser Timber Co. Company Profile

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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