West Fraser Timber Co. Ltd. (TSE:WFT) PT Set at C$72.00 by BMO Capital Markets
West Fraser Timber Co. Ltd. (TSE:WFT) received a C$72.00 price objective from BMO Capital Markets in a report issued on Tuesday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 6.27% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Raymond James Financial, Inc. lifted their price objective on shares of West Fraser Timber Co. from C$67.00 to C$72.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. Scotiabank set a C$58.25 price objective on shares of West Fraser Timber Co. and gave the company an “outperform” rating in a research note on Tuesday, April 25th. CIBC lifted their price objective on shares of West Fraser Timber Co. from C$62.00 to C$66.00 in a research note on Tuesday, July 25th. TD Securities lifted their price objective on shares of West Fraser Timber Co. from C$74.00 to C$75.00 and gave the company a “buy” rating in a research note on Sunday, July 30th. Finally, Royal Bank Of Canada cut shares of West Fraser Timber Co. from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from C$55.00 to C$53.00 in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$68.42.
Shares of West Fraser Timber Co. (TSE WFT) traded up 0.524% during trading on Tuesday, hitting $68.105. 271,205 shares of the stock were exchanged. The stock has a market cap of $5.32 billion and a P/E ratio of 11.754. The stock has a 50-day moving average of $62.05 and a 200 day moving average of $57.15. West Fraser Timber Co. has a 12-month low of $38.18 and a 12-month high of $69.66.
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.
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