West Fraser Timber Co. Ltd. (WFT) PT Raised to C$74.00 at TD Securities

West Fraser Timber Co. Ltd. (TSE:WFT) had its price target raised by equities researchers at TD Securities from C$71.00 to C$74.00 in a note issued to investors on Monday, July 24th. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 19.53% from the company’s current price.

A number of other analysts have also weighed in on WFT. Scotiabank upped their target price on shares of West Fraser Timber Co. from C$64.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. Raymond James Financial, Inc. upped their target price on shares of 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. Royal Bank Of Canada set a C$50.00 target price on shares of West Fraser Timber Co. and gave the stock a “sector perform” rating in a research note on Friday, March 31st. Finally, BMO Capital Markets set a C$68.00 price target on shares of West Fraser Timber Co. and gave the company an “outperform” rating in a research note 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. West Fraser Timber Co. has a consensus rating of “Hold” and an average target price of C$68.42.

West Fraser Timber Co. (WFT) opened at 61.91 on Monday. West Fraser Timber Co. has a one year low of $38.18 and a one year high of $69.66. The company has a market capitalization of $4.84 billion and a P/E ratio of 10.69. The firm has a 50-day moving average of $64.01 and a 200 day moving average of $58.80.

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West Fraser Timber Co. Company Profile

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.

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

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