West Fraser Timber Co. Ltd. (WFT) Stock Rating Lowered by BMO Capital Markets
West Fraser Timber Co. Ltd. (TSE:WFT) was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday.
Other equities analysts also recently issued research reports about the company. CIBC raised their target price on West Fraser Timber Co. from C$62.00 to C$66.00 in a research report on Tuesday, July 25th. TD Securities raised their target price on West Fraser Timber Co. from C$71.00 to C$74.00 and gave the company a “buy” rating in a research report on Monday, July 24th. Scotiabank raised their target price on West Fraser Timber Co. from C$67.00 to C$68.50 and gave the company an “outperform” rating in a research report on Friday, July 28th. Raymond James Financial, Inc. raised their target price on West Fraser Timber Co. from C$72.00 to C$76.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada downgraded West Fraser Timber Co. from a “sector perform” rating to an “underperform” rating and decreased their target price for the company from C$55.00 to C$53.00 in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. West Fraser Timber Co. currently has a consensus rating of “Hold” and a consensus target price of C$68.42.
Shares of West Fraser Timber Co. (TSE WFT) opened at 63.59 on Monday. The company has a market cap of $4.97 billion and a P/E ratio of 10.98. West Fraser Timber Co. has a 1-year low of $38.18 and a 1-year high of $69.66. The firm has a 50-day moving average price of $63.97 and a 200-day moving average price of $58.62.
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West Fraser Timber Co. 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.
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