West Fraser Timber Co. Ltd. (TSE:WFT) Price Target Increased to C$74.00 by Analysts at TD Securities
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.
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.
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