West Fraser Timber (TSE:WFT) had its price objective raised by Raymond James Financial from C$94.00 to C$97.00 in a report issued on Thursday. The firm currently has an outperform rating on the stock.
WFT has been the subject of several other research reports. CIBC upgraded West Fraser Timber from a neutral rating to an outperform rating and upped their price target for the stock from C$80.00 to C$99.00 in a report on Friday, January 12th. TD Securities upped their price target on West Fraser Timber from C$80.00 to C$83.00 and gave the stock a hold rating in a report on Wednesday, October 25th. Royal Bank of Canada upgraded West Fraser Timber from an underperform rating to a sector perform rating and upped their price target for the stock from C$60.00 to C$80.00 in a report on Friday, January 12th. Finally, Scotiabank upped their price target on West Fraser Timber from C$80.00 to C$82.00 and gave the stock a sector perform rating in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of C$89.67.
Shares of West Fraser Timber (WFT) opened at C$85.48 on Thursday. West Fraser Timber has a 1-year low of C$51.84 and a 1-year high of C$91.64. The stock has a market capitalization of $6,470.00, a price-to-earnings ratio of 10.58 and a beta of 1.51.
About West Fraser Timber
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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