West Fraser Timber (TSE:WFT) had its price target cut by CIBC from C$82.00 to C$79.00 in a research report released on Wednesday.

Other equities analysts have also issued reports about the stock. BMO Capital Markets cut their price target on shares of West Fraser Timber from C$82.00 to C$68.00 in a report on Friday, October 19th. TD Securities raised shares of West Fraser Timber from a hold rating to a buy rating and lifted their price target for the stock from C$99.00 to C$102.00 in a report on Monday, July 23rd. Finally, Raymond James set a C$100.00 price target on shares of West Fraser Timber and gave the stock a strong-buy rating in a report on Tuesday, October 23rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. West Fraser Timber presently has a consensus rating of Buy and a consensus target price of C$89.83.

Shares of TSE:WFT opened at C$69.52 on Wednesday. The company has a debt-to-equity ratio of 22.00, a current ratio of 2.37 and a quick ratio of 1.14. West Fraser Timber has a 52 week low of C$60.44 and a 52 week high of C$97.99.

In related news, insider Raymond William Ferris purchased 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 25th. The shares were purchased at an average cost of C$68.58 per share, for a total transaction of C$171,450.00. Also, insider Christopher Virostek purchased 600 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were bought at an average price of C$78.97 per share, for a total transaction of C$47,382.00.

West Fraser Timber 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.

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Analyst Recommendations for West Fraser Timber (TSE:WFT)

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