The stock of West Fraser Timber Co. Ltd. (TSE:WFT) is a huge mover today! About 213,983 shares traded hands. West Fraser Timber Co. Ltd. (TSE:WFT) has declined 3.59% since April 5, 2016 and is downtrending. It has underperformed by 8.37% the S&P500.
The move comes after 8 months negative chart setup for the $3.40 billion company. It was reported on Nov, 9 by Barchart.com. We have $41.85 PT which if reached, will make TSE:WFT worth $204.00M 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. $80 is the highest target while $40 is the lowest. The $56.40 average target is 26.68% above today’s ($44.52) stock price. West Fraser Timber Co. Ltd. has been the topic of 18 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Tuesday, October 25 with “Sector Perform”. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, June 17 report. On Friday, January 22 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The rating was maintained by RBC Capital Markets on Friday, July 22 with “Sector Perform”. The firm earned “Outperform” rating on Tuesday, October 25 by Scotia Capital. The rating was upgraded by RBC Capital Markets on Friday, October 16 to “Best Ideas List”.
More news for West Fraser Timber Co. Ltd. (TSE:WFT) were recently published by: Seekingalpha.com, which released: “West Fraser Timber’s (WFTBF) CEO Ted Seraphim on Q2 2016 Results – Earnings …” on July 22, 2016. Fool.ca‘s article titled: “Should You Buy or Avoid West Fraser Timber Co. Ltd. Today?” and published on July 23, 2015 is yet another important article.
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 $3.40 billion. The Firm has activities in western Canada and the southern United States. It has a 17.7 P/E ratio. The Company’s operating divisions are Lumber, Panels, and Pulp and Paper.
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