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.
TRADEMARK VIOLATION NOTICE: “West Fraser Timber (WFT) Stock Rating Upgraded by Royal Bank of Canada” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/14/west-fraser-timber-wft-stock-rating-upgraded-by-royal-bank-of-canada.html.
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.
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.