Royal Bank of Canada Increases West Fraser Timber (TSE:WFT) Price Target to C$77.00
West Fraser Timber (TSE:WFT) had its price target lifted by Royal Bank of Canada from C$65.00 to C$77.00 in a report published on Wednesday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.
Other equities research analysts also recently issued reports about the company. Scotiabank raised their price target on West Fraser Timber from C$54.00 to C$63.00 in a research report on Friday, July 24th. TD Securities raised their price target on West Fraser Timber from C$51.00 to C$55.00 in a research report on Friday, June 19th. CIBC raised their price target on West Fraser Timber from C$49.00 to C$53.00 in a research report on Monday, June 15th. Finally, Raymond James lifted their target price on West Fraser Timber from C$70.00 to C$74.00 and gave the stock an outperform rating in a research report on Tuesday, July 28th.
Shares of TSE:WFT opened at C$66.32 on Wednesday. The company has a market cap of $4.55 billion and a P/E ratio of -28.13. The stock’s 50-day moving average is C$51.25 and its 200-day moving average is C$45.01. West Fraser Timber has a 52-week low of C$21.60 and a 52-week high of C$67.04. The company has a debt-to-equity ratio of 53.75, a quick ratio of 0.46 and a current ratio of 1.28.
West Fraser Timber Company Profile
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.
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