Scotiabank Raises West Fraser Timber Co. Ltd. (WFT) Price Target to C$82.00
West Fraser Timber Co. Ltd. (TSE:WFT) had its price target raised by research analysts at Scotiabank from C$80.00 to C$82.00 in a research report issued to clients and investors on Friday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 3.77% from the company’s previous close.
Several other research firms have also recently weighed in on WFT. Raymond James Financial, Inc. upped their target price on West Fraser Timber Co. from C$67.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. TD Securities upped their target price on West Fraser Timber Co. from C$71.00 to C$74.00 and gave the stock a “buy” rating in a research note on Monday, July 24th. CIBC upped their target price on West Fraser Timber Co. from C$62.00 to C$66.00 in a research note on Tuesday, July 25th. Finally, BMO Capital Markets set a C$72.00 target price on West Fraser Timber Co. and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. One 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 stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$75.67.
West Fraser Timber Co. (TSE WFT) traded up C$78.81 during mid-day trading on Friday, reaching C$78.81. 126,718 shares of the company traded hands.
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In related news, Director Gillian Winckler acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average cost 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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