West Fraser Timber Co. Ltd. (TSE:WFT) had its price objective boosted by TD Securities from C$80.00 to C$83.00 in a research note issued to investors on Wednesday, October 25th. TD Securities currently has a hold rating on the stock.
Other equities analysts also recently issued research reports about the stock. CIBC boosted their price target on shares of West Fraser Timber Co. from C$62.00 to C$66.00 in a report on Tuesday, July 25th. BMO Capital Markets downgraded shares of West Fraser Timber Co. from an outperform rating to a market perform rating in a report on Monday, August 14th. Scotiabank boosted their price target on shares of West Fraser Timber Co. from C$67.00 to C$68.50 and gave the company an outperform rating in a report on Friday, July 28th. Finally, Raymond James Financial, Inc. upped their price objective on shares of West Fraser Timber Co. from C$72.00 to C$76.00 and gave the stock an outperform rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$75.67.
West Fraser Timber Co. (TSE WFT) traded up C$0.65 on Wednesday, hitting C$82.29. 269,896 shares of the stock were exchanged, compared to its average volume of 288,622. West Fraser Timber Co. has a 12 month low of C$42.98 and a 12 month high of C$82.56.
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In other news, Director Gillian Winckler purchased 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was acquired at an average price of C$64.22 per share, with a total value of C$64,220.00.
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.
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