West Fraser Timber (TSE:WFT) had its target price increased by analysts at CIBC from C$113.00 to C$115.00 in a research note issued on Tuesday. CIBC’s target price points to a potential upside of 22.02% from the company’s current price.
Several other research firms have also commented on WFT. BMO Capital Markets increased their price target on West Fraser Timber from C$74.00 to C$76.00 in a research note on Friday, February 16th. Scotiabank increased their price objective on shares of 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. Raymond James Financial increased their price objective on shares of West Fraser Timber from C$97.00 to C$120.00 in a report on Tuesday, April 10th. TD Securities increased their price objective on shares of West Fraser Timber from C$87.00 to C$91.00 and gave the company a “hold” rating in a report on Friday, February 16th. Finally, Royal Bank of Canada raised shares of West Fraser Timber from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from C$60.00 to C$80.00 in a report on Friday, January 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$96.17.
Shares of TSE WFT traded up C$2.74 during midday trading on Tuesday, hitting C$94.25. 138,463 shares of the stock traded hands, compared to its average volume of 282,514. West Fraser Timber has a one year low of C$55.67 and a one year high of C$94.64.
In related news, Director Gillian Winckler bought 750 shares of West Fraser Timber stock in a transaction dated Tuesday, March 27th. The shares were acquired at an average cost 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 the firm’s 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.
COPYRIGHT VIOLATION NOTICE: “West Fraser Timber (WFT) Given New C$115.00 Price Target at CIBC” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://sportsperspectives.com/2018/04/17/west-fraser-timber-wft-given-new-c115-00-price-target-at-cibc.html.
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.
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.