Is Buying West Fraser Timber Co. Ltd. Here a Winning Strategy?

 Is Buying West Fraser Timber Co. Ltd. Here a Winning Strategy?

The stock of West Fraser Timber Co. Ltd. (TSE:WFT) is a huge mover today! About 19,432 shares traded hands. West Fraser Timber Co. Ltd. (TSE:WFT) has risen 17.39% since April 20, 2016 and is uptrending. It has outperformed by 11.98% the S&P500.
The move comes after 6 months positive chart setup for the $3.74 billion company. It was reported on Nov, 24 by Barchart.com. We have $50.69 PT which if reached, will make TSE:WFT worth $112.20 million more.

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 14.61% above today’s ($49.21) stock price. West Fraser Timber Co. Ltd. has been the topic of 18 analyst reports since July 22, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained West Fraser Timber Co. Ltd. (TSE:WFT) on Friday, July 22 with “Sector Perform” rating. Scotia Capital maintained it with “Outperform” rating and $53 target price in Tuesday, October 25 report. The firm has “Outperform” rating by BMO Capital Markets given on Friday, January 22. The firm has “Best Ideas List” rating by RBC Capital Markets given on Friday, October 16. The stock of West Fraser Timber Co. Ltd. (TSE:WFT) has “Sector Perform” rating given on Tuesday, October 25 by RBC Capital Markets. RBC Capital Markets downgraded West Fraser Timber Co. Ltd. (TSE:WFT) rating on Friday, June 17. RBC Capital Markets has “Sector Perform” rating and $40 price target.

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 $3.74 billion. The Firm has activities in western Canada and the southern United States. It has a 19.56 P/E ratio. The Company’s operating divisions are Lumber, Panels, and Pulp and Paper.

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