West Fraser Timber (TSE:WFT) had its price objective boosted by Royal Bank of Canada from C$80.00 to C$90.00 in a research report issued to clients and investors on Friday. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 5.29% from the stock’s current price.
Several other analysts also recently weighed in on WFT. Scotiabank boosted their target price on shares of West Fraser Timber from C$82.00 to C$85.00 and gave the stock a “sector perform” rating in a research report on Thursday. Raymond James Financial boosted their target price on shares of West Fraser Timber from C$94.00 to C$97.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC boosted their target price on shares of West Fraser Timber from C$75.00 to C$80.00 in a research report on Thursday, October 26th. Finally, TD Securities boosted their target price on shares of West Fraser Timber from C$80.00 to C$83.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of C$89.67.
Shares of West Fraser Timber (TSE:WFT) opened at C$85.48 on Friday. The firm has a market cap of $6,470.00, a P/E ratio of 10.58 and a beta of 1.51. West Fraser Timber has a 12-month low of C$51.84 and a 12-month high of C$91.64.
WARNING: This article was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.chaffeybreeze.com/2018/02/18/west-fraser-timber-wft-price-target-raised-to-c90-00.html.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber and related companies with MarketBeat.com's FREE daily email newsletter.