West Fraser Timber Co. Ltd. (TSE:WFT) has received an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$87.60.
A number of research firms have weighed in on WFT. Scotiabank raised their price target on West Fraser Timber from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a research note on Friday, November 3rd. Raymond James Financial boosted their target price on shares of West Fraser Timber from C$82.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 24th. TD Securities downgraded shares of West Fraser Timber from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$78.00 to C$80.00 in a research note on Friday, October 13th. Royal Bank of Canada raised shares of West Fraser Timber from an “underperform” rating to a “sector perform” rating and boosted their target price for the stock from C$60.00 to C$80.00 in a research note on Friday, January 12th. Finally, CIBC boosted their target price on shares of West Fraser Timber from C$67.00 to C$75.00 in a research note on Thursday, October 19th.
Shares of West Fraser Timber (TSE WFT) traded up C$1.56 during trading on Tuesday, hitting C$84.81. The company’s stock had a trading volume of 84,655 shares, compared to its average volume of 225,829. West Fraser Timber has a fifty-two week low of C$46.60 and a fifty-two week high of C$88.98. The firm has a market capitalization of $6,300.00, a PE ratio of 13.39 and a beta of 1.51.
In related news, insider Ketcham Investments sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$80.90, for a total transaction of C$40,450,000.00.
About West Fraser Timber
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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