West Fraser Timber Co. Ltd. (TSE:WFT) had its target price hoisted by equities researchers at CIBC from C$75.00 to C$80.00 in a report issued on Thursday. CIBC’s target price would suggest a potential downside of 0.05% from the stock’s current price.

A number of other research analysts have also commented on the company. TD Securities upped their price objective on West Fraser Timber Co. from C$80.00 to C$83.00 and gave the company a “hold” rating in a report on Wednesday. Raymond James Financial, Inc. upped their target price on West Fraser Timber Co. from C$67.00 to C$72.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Scotiabank upped their price objective on West Fraser Timber Co. from C$76.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, BMO Capital Markets set a C$72.00 price objective on West Fraser Timber Co. and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$75.33.

Shares of West Fraser Timber Co. (WFT) traded up 0.49% during trading on Thursday, reaching $80.43. The company’s stock had a trading volume of 164,974 shares. The company has a market cap of $6.29 billion and a PE ratio of 13.88. The stock’s 50 day moving average price is $71.96 and its 200 day moving average price is $64.11. West Fraser Timber Co. has a 52 week low of $42.98 and a 52 week high of $81.51.

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In related news, Director Gillian Winckler purchased 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was bought at an average price 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.

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

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