West Fraser Timber (WFT) Gets a Hold Rating from Scotiabank

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, West Fraser Timber (TSX: WFT). Analyst Benoit Laprade from Scotiabank rated West Fraser Timber (TSX: WFT) a Hold yesterday, setting a C$92 price target.

Laprade has an average return of 39.5% when recommending West Fraser Timber.

According to TipRanks.com, Laprade is ranked #1338 out of 4877 analysts.

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Currently, the analyst consensus on West Fraser Timber is a Moderate Buy with an average price target of C$100.25.

The company has a one-year high of C$97.99 and a one-year low of C$64.66. Currently, West Fraser Timber has an average volume of 571.2K.

West Fraser Timber Co. Ltd. is an integrated wood products company, which produces lumber, wood chips, plywood, pulp and newsprint. Its products include Spruce-Pine-Fir, laminated veneer, and southern yellow pine lumber, medium density fiberboard, plywood, treated wood, pulp and paper.

The company’s shares closed on Friday at C$64.29.

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