West Fraser Timber (TSE:WFT) Price Target Raised to C$75.00 at TD Securities
West Fraser Timber (TSE:WFT) had its target price hoisted by TD Securities from C$70.00 to C$75.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.
WFT has been the subject of several other research reports. CIBC lowered shares of West Fraser Timber from an outperform rating to a neutral rating and decreased their price target for the company from C$58.00 to C$56.00 in a report on Monday, January 13th. Royal Bank of Canada boosted their price objective on West Fraser Timber from C$70.00 to C$80.00 and gave the company an outperform rating in a research report on Thursday. Finally, Raymond James set a C$72.00 price objective on West Fraser Timber and gave the company a strong-buy rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of C$73.00.
WFT traded down C$1.33 during trading on Thursday, reaching C$63.17. 361,269 shares of the company’s stock were exchanged, compared to its average volume of 390,796. The company’s fifty day moving average price is C$57.27 and its 200-day moving average price is C$54.38. The company has a debt-to-equity ratio of 38.59, a quick ratio of 0.61 and a current ratio of 1.51. West Fraser Timber has a fifty-two week low of C$43.93 and a fifty-two week high of C$72.77. The firm has a market capitalization of $4.43 billion and a PE ratio of -43.82.
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 other residuals and energy products. 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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