West Fraser Timber Co. Ltd. (WFT) PT Raised to C$84.00
West Fraser Timber Co. Ltd. (TSE:WFT) had its price objective lifted by analysts at Raymond James Financial, Inc. from C$82.00 to C$84.00 in a report released on Tuesday. The firm presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price objective suggests a potential upside of 9.11% from the stock’s previous close.
Several other brokerages have also issued reports on WFT. Scotiabank lifted their target price on shares of West Fraser Timber Co. from C$76.00 to C$80.00 and gave the company a “sector perform” rating in a research report on Tuesday. TD Securities lowered shares of West Fraser Timber Co. from a “buy” rating to a “hold” rating and lifted their target price for the company from C$78.00 to C$80.00 in a research report on Friday, October 13th. CIBC lifted their target price on shares of West Fraser Timber Co. from C$67.00 to C$75.00 in a research report on Thursday, October 19th. Finally, BMO Capital Markets set a C$72.00 target price on shares of West Fraser Timber Co. and gave the company an “outperform” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$74.00.
Shares of West Fraser Timber Co. (TSE WFT) traded up 3.95% during mid-day trading on Tuesday, reaching $80.03. 653,676 shares of the company’s stock traded hands. The company has a market cap of $6.26 billion and a P/E ratio of 13.81. The company’s 50 day moving average is $71.23 and its 200 day moving average is $63.83. West Fraser Timber Co. has a 12-month low of $41.11 and a 12-month high of $80.95.
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In other West Fraser Timber Co. news, Director Gillian Winckler purchased 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were purchased at an average cost of C$64.22 per share, with a total value of C$64,220.00.
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.
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