TD Securities Increases West Fraser Timber (TSE:WFT) Price Target to C$91.00

West Fraser Timber (TSE:WFT) had its price target upped by research analysts at TD Securities from C$87.00 to C$91.00 in a note issued to investors on Friday, February 16th. The firm presently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 4.41% from the company’s previous close.

WFT has been the topic of several other research reports. CIBC raised West Fraser Timber from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$80.00 to C$99.00 in a report on Friday, January 12th. Raymond James Financial boosted their target price on West Fraser Timber from C$88.00 to C$94.00 in a report on Tuesday, January 30th. Scotiabank upped their price target on West Fraser Timber from C$82.00 to C$85.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th. Royal Bank of Canada raised West Fraser Timber from an “underperform” rating to a “sector perform” rating and upped their price target for the company from C$60.00 to C$80.00 in a report on Friday, January 12th. Finally, BMO Capital Markets upped their price target on West Fraser Timber from C$74.00 to C$76.00 in a report on Friday, February 16th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$90.50.

Shares of West Fraser Timber (WFT) traded up C$0.41 during trading hours on Friday, reaching C$87.16. The company had a trading volume of 310,129 shares, compared to its average volume of 282,932. West Fraser Timber has a 1 year low of C$54.12 and a 1 year high of C$94.64. The company has a market capitalization of $6,700.00, a PE ratio of 10.74 and a beta of 1.41.

In other news, insider James A. Pattison sold 11,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$89.48, for a total transaction of C$993,228.00.

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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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