West Fraser Timber (TSE:WFT) Price Target Increased to C$75.00 by Analysts at TD Securities

West Fraser Timber (TSE:WFT) had its price target hoisted by TD Securities from C$70.00 to C$75.00 in a research report released on Thursday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms also recently commented on WFT. Raymond James set a C$72.00 price objective on shares of West Fraser Timber and gave the stock a strong-buy rating in a report on Wednesday, February 12th. CIBC downgraded shares of West Fraser Timber from an outperform rating to a neutral rating and reduced their price objective for the stock from C$58.00 to C$56.00 in a report on Monday, January 13th. Finally, Royal Bank of Canada raised their price objective on shares of West Fraser Timber from C$70.00 to C$80.00 and gave the stock an outperform rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$73.00.

TSE:WFT opened at C$63.17 on Thursday. The company has a 50-day moving average of C$57.41 and a 200-day moving average of C$54.43. The company has a market capitalization of $4.34 billion and a price-to-earnings ratio of -42.91. West Fraser Timber has a 52 week low of C$43.93 and a 52 week high of C$72.77. The company has a debt-to-equity ratio of 38.59, a quick ratio of 0.61 and a current ratio of 1.51.

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 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.

Featured Article: What moving averages are used to define a golden cross?

Analyst Recommendations for West Fraser Timber (TSE:WFT)

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.