West Fraser Timber (WFT) PT Raised to C$115.00 at CIBC

West Fraser Timber (TSE:WFT) had its price target lifted by stock analysts at CIBC from C$113.00 to C$115.00 in a research note issued to investors on Tuesday. CIBC’s price objective suggests a potential upside of 22.98% from the company’s current price.

A number of other equities analysts have also recently issued reports on WFT. Raymond James lifted their target price on West Fraser Timber from C$97.00 to C$120.00 in a report on Tuesday, April 10th. Scotiabank lifted their target price on West Fraser Timber from C$82.00 to C$85.00 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. BMO Capital Markets lifted their target price on West Fraser Timber from C$74.00 to C$76.00 in a report on Friday, February 16th. Royal Bank of Canada upgraded West Fraser Timber from an “underperform” rating to a “sector perform” rating and lifted their target price for the stock from C$60.00 to C$80.00 in a report on Friday, January 12th. Finally, TD Securities lifted their target price on West Fraser Timber from C$87.00 to C$91.00 and gave the stock a “hold” rating in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of C$96.17.

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Shares of WFT stock opened at C$93.51 on Tuesday. West Fraser Timber has a 1 year low of C$55.67 and a 1 year high of C$94.68.

West Fraser Timber (TSE:WFT) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$2.58 earnings per share (EPS) for the quarter. West Fraser Timber had a return on equity of 31.45% and a net margin of 15.04%. The company had revenue of C$1.38 billion for the quarter.

In related news, insider James A. Pattison sold 11,100 shares of West Fraser Timber stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of C$89.48, for a total value of C$993,228.00. Also, Director Gillian Winckler bought 750 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The stock was bought at an average price of C$83.34 per share, for a total transaction of C$62,505.00.

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West Fraser Timber Company Profile

West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce/pine/fir and southern yellow pine lumber, as well as newsprint, wood chips, and lignin. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.

Analyst Recommendations for West Fraser Timber (TSE:WFT)

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