West Fraser Timber Co. Ltd. (TSE:WFT) had its target price increased by analysts at TD Securities from C$74.00 to C$75.00 in a research report issued on Sunday, July 30th. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 21.14% from the stock’s current price.
Several other research firms have also recently weighed in on WFT. Raymond James Financial, Inc. increased their price target on shares of West Fraser Timber Co. from C$67.00 to C$72.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. Scotiabank increased their price objective on shares of West Fraser Timber Co. from C$67.00 to C$68.50 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Royal Bank Of Canada cut shares of West Fraser Timber Co. from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from C$55.00 to C$53.00 in a research report on Wednesday, April 26th. CIBC increased their price objective on shares of West Fraser Timber Co. from C$62.00 to C$66.00 in a research report on Tuesday, July 25th. Finally, BMO Capital Markets set a C$68.00 price objective on shares of West Fraser Timber Co. and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. West Fraser Timber Co. presently has an average rating of “Hold” and an average price target of C$68.42.
Shares of West Fraser Timber Co. (TSE WFT) opened at 61.91 on Friday. The company has a market cap of $4.84 billion and a P/E ratio of 10.69. West Fraser Timber Co. has a 52 week low of $38.18 and a 52 week high of $69.66. The firm has a 50-day moving average of $64.01 and a 200 day moving average of $58.80.
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About West Fraser Timber Co.
West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce/pine/fir and southern yellow pine lumber, as well as newsprint, wood chips, and lignin. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.
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