West Fraser Timber Co. Ltd. (TSE:WFT) Price Target Increased to C$67.00 by Analysts at Scotiabank
West Fraser Timber Co. Ltd. (TSE:WFT) had its target price boosted by equities research analysts at Scotiabank from C$64.00 to C$67.00 in a research report issued on Friday. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 3.47% from the stock’s previous close.
WFT has been the topic of several other research reports. Royal Bank Of Canada cut shares of West Fraser Timber Co. from a “sector perform” rating to an “underperform” rating and lowered their price target for the company from C$55.00 to C$53.00 in a research report on Wednesday, April 26th. 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 report on Wednesday, April 26th. TD Securities boosted their price target on shares of West Fraser Timber Co. from C$68.00 to C$71.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Finally, Raymond James Financial, Inc. set a C$67.00 price target on shares of West Fraser Timber Co. and gave the company an “outperform” rating in a research report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. West Fraser Timber Co. has an average rating of “Buy” and an average target price of C$65.00.
West Fraser Timber Co. (TSE WFT) traded down 1.17% during midday trading on Friday, hitting $63.99. 252,757 shares of the stock traded hands. West Fraser Timber Co. has a 52-week low of $38.18 and a 52-week high of $65.88. The stock has a 50-day moving average of $60.89 and a 200 day moving average of $56.00. The firm has a market cap of $5.00 billion and a PE ratio of 12.85.
In other West Fraser Timber Co. news, insider Larry Earl Gardner sold 1,800 shares of the company’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of C$59.51, for a total value of C$107,118.00.
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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