The stock of West Fraser Timber Co. Ltd. (TSE:WFT) is a huge mover today! About 109,862 shares traded hands. West Fraser Timber Co. Ltd. (TSE:WFT) has risen 15.04% since April 21, 2016 and is uptrending. It has outperformed by 9.63% the S&P500.
The move comes after 9 months negative chart setup for the $3.67B company. It was reported on Nov, 25 by Barchart.com. We have $46.79 PT which if reached, will make TSE:WFT worth $110.10 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. $80 is the highest target while $40 is the lowest. The $56.40 average target is 16.92% above today’s ($48.24) stock price. West Fraser Timber Co. Ltd. has been the topic of 18 analyst reports since July 22, 2015 according to StockzIntelligence Inc. BMO Capital Markets upgraded the stock to “Outperform” rating in Friday, January 22 report. As per Friday, June 17, the company rating was downgraded by RBC Capital Markets. The company was maintained on Tuesday, October 25 by Scotia Capital. The stock of West Fraser Timber Co. Ltd. (TSE:WFT) earned “Best Ideas List” rating by RBC Capital Markets on Friday, October 16. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, July 22. As per Tuesday, October 25, the company rating was maintained by RBC Capital Markets.
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 $3.67 billion. The Firm has activities in western Canada and the southern United States. It has a 19.18 P/E ratio. The Company’s operating divisions are Lumber, Panels, and Pulp and Paper.
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