West Fraser Timber (TSE:WFT) had its price target dropped by stock analysts at Raymond James from C$84.00 to C$80.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 26.10% from the company’s previous close.
A number of other research firms also recently weighed in on WFT. TD Securities dropped their price target on shares of West Fraser Timber from C$86.00 to C$84.00 and set a “buy” rating for the company in a research note on Thursday, February 14th. BMO Capital Markets raised shares of West Fraser Timber from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$68.00 to C$78.00 in a research note on Tuesday, March 12th. Royal Bank of Canada dropped their price target on shares of West Fraser Timber from C$100.00 to C$90.00 in a research note on Tuesday, January 8th. Finally, CIBC downgraded shares of West Fraser Timber from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from C$79.00 to C$70.00 in a research note on Monday, January 14th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$83.50.
Shares of WFT traded down C$3.55 on Monday, reaching C$63.44. 356,643 shares of the company’s stock were exchanged, compared to its average volume of 391,495. The company has a debt-to-equity ratio of 26.00, a current ratio of 2.26 and a quick ratio of 0.91. The company has a market cap of $4.65 billion and a price-to-earnings ratio of 5.97. West Fraser Timber has a 12 month low of C$60.44 and a 12 month high of C$97.99.
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.
Receive News & Ratings for West Fraser Timber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber and related companies with MarketBeat.com's FREE daily email newsletter.