West Fraser Timber Co. Ltd. (TSE:WFT) had its price target raised by TD Securities from C$71.00 to C$74.00 in a report issued on Monday. The brokerage currently has a buy rating on the stock.

A number of other research firms have also commented on WFT. Raymond James Financial, Inc. raised their price objective on shares of West Fraser Timber Co. from C$67.00 to C$72.00 and gave the company an outperform rating in a research report on Friday. Royal Bank Of Canada lowered shares of West Fraser Timber Co. from a sector perform rating to an underperform rating and cut their price objective for the company from C$55.00 to C$53.00 in a research report on Wednesday, April 26th. Scotiabank set a C$58.25 price objective on shares of West Fraser Timber Co. and gave the company an outperform rating in a research report on Tuesday, April 25th. Finally, BMO Capital Markets set a C$68.00 price objective on shares of West Fraser Timber Co. and gave the company an outperform rating in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. West Fraser Timber Co. presently has a consensus rating of Buy and an average price target of C$65.50.

Shares of West Fraser Timber Co. (WFT) opened at 64.11 on Monday. West Fraser Timber Co. has a one year low of $38.18 and a one year high of $65.88. The stock’s 50 day moving average is $61.13 and its 200-day moving average is $56.31. The company has a market cap of $5.01 billion and a P/E ratio of 11.06.

COPYRIGHT VIOLATION NOTICE: This article was published by Daily Political and is owned by of Daily Political. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/07/25/west-fraser-timber-co-ltd-tsewft-price-target-increased-to-c74-00-by-analysts-at-td-securities.html.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Shareholders of record on Tuesday, July 18th were given a dividend of $0.07 per share. The ex-dividend date was Friday, June 23rd. This represents a $0.28 annualized dividend and a yield of 0.44%.

In other West Fraser Timber Co. news, insider Larry Earl Gardner sold 1,800 shares of West Fraser Timber Co. stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of C$59.51, for a total transaction of C$107,118.00.

About West Fraser Timber Co.

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.

Analyst Recommendations for West Fraser Timber Co. (TSE:WFT)

Receive News & Ratings for West Fraser Timber Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber Co. Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.