West Fraser Timber Co. Ltd. (WFT) Price Target Increased to C$80.00 by Analysts at CIBC
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.
TRADEMARK VIOLATION NOTICE: This report was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/26/west-fraser-timber-co-ltd-wft-price-target-increased-to-c80-00-by-analysts-at-cibc.html.
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.
Receive News & Ratings for West Fraser Timber Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber Co. Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.