West Fraser Timber Co. Ltd. (WFT) Price Target Raised to C$80.00 at Scotiabank
West Fraser Timber Co. Ltd. (TSE:WFT) had its price target lifted by investment analysts at Scotiabank from C$76.00 to C$80.00 in a research report issued on Tuesday. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 3.91% from the stock’s previous close.
WFT has been the topic of several other reports. TD Securities increased their price objective on shares of West Fraser Timber Co. from C$74.00 to C$75.00 and gave the stock a “buy” rating in a report on Sunday, July 30th. BMO Capital Markets set a C$72.00 price objective on shares of West Fraser Timber Co. and gave the stock an “outperform” rating in a report on Tuesday, August 8th. CIBC increased their price objective on shares of West Fraser Timber Co. from C$67.00 to C$75.00 in a report on Thursday, October 19th. Finally, Raymond James Financial, Inc. increased their price objective on shares of West Fraser Timber Co. from C$72.00 to C$76.00 and gave the stock an “outperform” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. West Fraser Timber Co. has an average rating of “Hold” and an average target price of C$74.00.
Shares of West Fraser Timber Co. (TSE WFT) traded up 3.95% during trading on Tuesday, reaching $80.03. 653,676 shares of the company’s stock were exchanged. The stock has a market capitalization of $6.26 billion and a price-to-earnings ratio of 13.81. The stock has a 50 day moving average price of $71.23 and a 200-day moving average price of $63.83. West Fraser Timber Co. has a 52 week low of $41.11 and a 52 week high of $80.95.
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In other West Fraser Timber Co. news, Director Gillian Winckler purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were purchased at an average price of C$64.22 per share, for a total transaction of C$64,220.00.
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.
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