Raymond James Financial, Inc. Raises West Fraser Timber Co. Ltd. (WFT) Price Target to C$72.00
West Fraser Timber Co. Ltd. (TSE:WFT) had its price target lifted by Raymond James Financial, Inc. from C$67.00 to C$72.00 in a research note published on Friday. The brokerage currently has an outperform rating on the stock.
Other research analysts also recently issued reports about the company. Scotiabank upped their target price on West Fraser Timber Co. from C$64.00 to C$67.00 and gave the stock an outperform rating in a research note on Friday. Royal Bank Of Canada set a C$50.00 price objective on West Fraser Timber Co. and gave the company a sector perform rating in a research note on Friday, March 31st. BMO Capital Markets set a C$68.00 price objective on West Fraser Timber Co. and gave the company an outperform rating in a research note on Wednesday, April 26th. Finally, TD Securities increased their price objective on West Fraser Timber Co. from C$68.00 to C$71.00 and gave the company a buy rating in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. West Fraser Timber Co. has a consensus rating of Buy and an average price target of C$65.00.
Shares of West Fraser Timber Co. (WFT) traded down 1.22% during mid-day trading on Friday, reaching $63.96. 414,051 shares of the company traded hands. West Fraser Timber Co. has a 52 week low of $38.18 and a 52 week high of $65.88. The stock has a market capitalization of $5.00 billion and a PE ratio of 12.85. The firm has a 50 day moving average of $60.89 and a 200-day moving average of $56.00.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Tuesday, July 18th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Friday, June 23rd.
In related news, insider Larry Earl Gardner sold 1,800 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of C$59.51, for a total value of C$107,118.00.
West Fraser Timber Co. Company Profile
West Fraser Timber Co Ltd. is a diversified wood products company, which produces lumber (spruce-pine-fir (SPF) and southern yellow pine (SYP)), panels (plywood, medium-density fiberboard (MDF) and laminated veneer lumber (LVL)), pulp (northern bleached softwood kraft (NBSK) and bleached chemi-thermomechanical pulp (BCTMP)), newsprint, wood chips and energy.
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