West Fraser Timber Co. Ltd. (WFT) Price Target Raised to C$75.00

West Fraser Timber Co. Ltd. (TSE:WFT) had its price target upped by CIBC from C$67.00 to C$75.00 in a research note issued on Thursday. CIBC’s target price would indicate a potential downside of 2.58% from the company’s current price.

Several other equities analysts also recently commented on WFT. Raymond James Financial, Inc. boosted their price target on shares of West Fraser Timber Co. from C$67.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. BMO Capital Markets set a C$72.00 price target on shares of West Fraser Timber Co. and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. TD Securities boosted their price target on shares of West Fraser Timber Co. from C$74.00 to C$75.00 and gave the stock a “buy” rating in a research note on Sunday, July 30th. Finally, Scotiabank boosted their price target on shares of West Fraser Timber Co. from C$67.00 to C$68.50 and gave the stock an “outperform” rating in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. West Fraser Timber Co. has an average rating of “Hold” and a consensus target price of C$70.75.

West Fraser Timber Co. (WFT) traded up 3.60% during trading on Thursday, reaching $79.76. The company had a trading volume of 214,161 shares. West Fraser Timber Co. has a one year low of $41.11 and a one year high of $80.60. The company has a market capitalization of $6.23 billion and a PE ratio of 13.77. The firm’s 50 day moving average is $71.23 and its 200 day moving average is $63.83.

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In other news, Director Gillian Winckler bought 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was purchased at an average price of C$64.22 per share, for a total transaction of C$64,220.00.

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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