West Fraser Timber Co. Ltd. (TSE:WFT) had its price objective lifted by equities research analysts at TD Securities from C$71.00 to C$74.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 15.43% from the stock’s previous close.
WFT has been the topic of a number of other reports. Royal Bank Of Canada lowered shares of West Fraser Timber Co. from a “sector perform” rating to an “underperform” rating and reduced their price objective for the company from C$55.00 to C$53.00 in a report on Wednesday, April 26th. Scotiabank lifted their price target 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. BMO Capital Markets set a C$68.00 price target on shares of West Fraser Timber Co. and gave the stock an “outperform” rating in a research note 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 stock an “outperform” rating in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$65.50.
Shares of West Fraser Timber Co. (TSE WFT) traded up 0.23% during midday trading on Monday, hitting $64.11. 319,495 shares of the stock were exchanged. The stock has a 50 day moving average price of $60.89 and a 200-day moving average price of $56.00. West Fraser Timber Co. has a 12 month low of $38.18 and a 12 month high of $64.40. The company has a market cap of $5.01 billion and a PE ratio of 11.06.
COPYRIGHT VIOLATION WARNING: This story was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://stocknewstimes.com/2017/07/24/west-fraser-timber-co-ltd-tsewft-price-target-increased-to-c74-00-by-analysts-at-td-securities.html.
In related news, insider Larry Earl Gardner sold 1,800 shares of West Fraser Timber Co. stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of C$59.51, for a total transaction of C$107,118.00.
About West Fraser Timber Co.
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.
Receive News & Ratings for West Fraser Timber Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber Co. Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
