Brokerages Set West Fraser Timber (WFT) Target Price at $97.83

Shares of West Fraser Timber (TSE:WFT) have earned an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have covered the stock in the last year is C$97.83.

Several equities research analysts have weighed in on WFT shares. CIBC raised their price objective on shares of West Fraser Timber from C$113.00 to C$115.00 in a research report on Tuesday, April 17th. Raymond James raised their price objective on shares of West Fraser Timber from C$97.00 to C$120.00 in a research report on Tuesday, April 10th. BMO Capital Markets lifted their price target on shares of West Fraser Timber from C$74.00 to C$76.00 in a research report on Friday, February 16th. TD Securities lifted their price target on shares of West Fraser Timber from C$87.00 to C$91.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. Finally, Scotiabank lifted their price target on shares of West Fraser Timber from C$99.00 to C$100.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 26th.

In other news, Director Gillian Winckler acquired 750 shares of West Fraser Timber stock in a transaction that occurred on Tuesday, March 27th. The shares were acquired at an average price of C$83.34 per share, with a total value of C$62,505.00. Also, insider James A. Pattison sold 11,100 shares of West Fraser Timber stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of C$89.48, for a total transaction of C$993,228.00. In the last quarter, insiders have sold 386,100 shares of company stock valued at $35,606,978.

WFT traded down C$1.12 during midday trading on Thursday, hitting C$91.94. The company had a trading volume of 163,594 shares, compared to its average volume of 302,446. West Fraser Timber has a twelve month low of C$57.95 and a twelve month high of C$95.65.

West Fraser Timber (TSE:WFT) last posted its quarterly earnings data on Wednesday, April 25th. The company reported C$2.98 earnings per share for the quarter. The firm had revenue of C$1.36 billion during the quarter. West Fraser Timber had a net margin of 15.04% and a return on equity of 31.45%.

About West Fraser Timber

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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