After Today’s Huge Decline, Is West Fraser Timber Co. Ltd.’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is West Fraser Timber Co. Ltd.'s Near Term Analysis Negative?

The stock of West Fraser Timber Co. Ltd. (TSE:WFT) is a huge mover today! About 49,215 shares traded hands. West Fraser Timber Co. Ltd. (TSE:WFT) has declined 15.70% since March 14, 2016 and is downtrending. It has underperformed by 21.25% the S&P500.
The move comes after 5 months negative chart setup for the $3.04 billion company. It was reported on Oct, 19 by Barchart.com. We have $35.93 PT which if reached, will make TSE:WFT worth $243.20 million less.

West Fraser Timber Co. Ltd. (TSE:WFT) Ratings Coverage

Out of 5 analysts covering West Fraser Timber Co. Ltd. (TSE:WFT), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. West Fraser Timber Co. Ltd. has been the topic of 15 analyst reports since July 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets downgraded it to “Sector Perform” rating and $40 target price in Friday, June 17 report. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, July 22 report. BMO Capital Markets upgraded the shares of WFT in a report on Friday, January 22 to “Outperform” rating. The firm has “Best Ideas List” rating by RBC Capital Markets given on Friday, October 16.

More notable recent West Fraser Timber Co. Ltd. (TSE:WFT) news were published by: Seekingalpha.com which released: “West Fraser Timber’s (WFTBF) CEO Ted Seraphim on Q2 2016 Results – Earnings …” on July 22, 2016, also Fool.ca with their article: “Should You Buy or Avoid West Fraser Timber Co. Ltd. Today?” published on July 23, 2015, Marketwired.com published: “West Fraser Timber Co. Ltd. (“WFT”): Dividend Notice” on December 08, 2015. More interesting news about West Fraser Timber Co. Ltd. (TSE:WFT) were released by: Seekingalpha.com and their article: “West Fraser Timber’s (WFTBF) CEO Ted Seraphim on Q1 2016 Results – Earnings …” published on April 26, 2016 as well as Marketwired.com‘s news article titled: “West Fraser Announces First Quarter Results” with publication date: April 25, 2016.

West Fraser Timber Co. Ltd. is a Canada integrated wood products firm producing lumber, wood chips, laminated veneer lumber , medium density fiberboard (MDF), plywood, pulp, energy and newsprint. The company has a market cap of $3.04 billion. The Firm has activities in western Canada and the southern United States. It has a 21.16 P/E ratio. The Company’s operating divisions are Lumber, Panels, and Pulp and Paper.

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