West Fraser Timber (WFT) Stock Rating Upgraded by Royal Bank of Canada

West Fraser Timber (TSE:WFT) was upgraded by Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Friday. The firm presently has a C$80.00 price target on the stock, up from their previous price target of C$60.00. Royal Bank of Canada’s price target indicates a potential downside of 5.69% from the company’s current price.

Several other equities analysts also recently weighed in on the stock. TD Securities downgraded shares of West Fraser Timber from a “buy” rating to a “hold” rating and increased their price target for the stock from C$78.00 to C$80.00 in a report on Friday, October 13th. Raymond James Financial increased their price target on shares of West Fraser Timber from C$82.00 to C$84.00 and gave the stock an “outperform” rating in a report on Tuesday, October 24th. Scotiabank increased their price target on shares of 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. Finally, CIBC increased their price target on shares of West Fraser Timber from C$67.00 to C$75.00 in a report on Thursday, October 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$83.33.

West Fraser Timber (TSE:WFT) opened at C$84.83 on Friday. West Fraser Timber has a fifty-two week low of C$42.98 and a fifty-two week high of C$88.98. The firm has a market cap of $6,420.00, a P/E ratio of 13.36 and a beta of 1.54.

In other news, insider Ketcham Investments sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$80.90, for a total transaction of C$40,450,000.00.

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West Fraser Timber 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.

Analyst Recommendations for West Fraser Timber (TSE:WFT)

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