West Fraser Timber Co. Ltd. (TSE:WFG) shares hit a new 52-week high during mid-day trading on Wednesday after Raymond James raised their price target on the stock from C$130.00 to C$145.00. Raymond James currently has a strong-buy rating on the stock. West Fraser Timber traded as high as C$100.80 and last traded at C$100.32, with a volume of 945000 shares traded. The stock had previously closed at C$95.11.
Several other equities research analysts also recently commented on WFG. CIBC lifted their target price on shares of West Fraser Timber to C$120.00 in a research report on Thursday, February 4th. Scotiabank boosted their price objective on shares of West Fraser Timber from C$106.00 to C$120.00 in a research note on Wednesday.
The stock has a fifty day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.07.
About West Fraser Timber (TSE:WFG)
West Fraser Timber Co Ltd., a diversified wood products company, produces and sells lumber, panels, and pulp and papers in western Canada and the southern United States. It offers spruce-pine-fir, Douglas Fir-Larch, Hem-Fir tree, and southern yellow pine lumber; treated wood products; and newsprint, wood chips, and other residuals and energy products, as well as bioproducts.
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