West Fraser Timber Co. Ltd. (TSE:WFT) Director Gillian Winckler purchased 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was purchased at an average cost of C$64.22 per share, with a total value of C$64,220.00.

West Fraser Timber Co. Ltd. (WFT) traded up 0.43% during midday trading on Friday, reaching $63.18. 60,074 shares of the company traded hands. West Fraser Timber Co. Ltd. has a 12-month low of $38.18 and a 12-month high of $69.66. The company has a 50 day moving average of $64.50 and a 200-day moving average of $60.16. The stock has a market capitalization of $4.94 billion and a P/E ratio of 10.90.

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Several brokerages have recently issued reports on WFT. Raymond James Financial, Inc. boosted their price target on shares of West Fraser Timber Co. from C$67.00 to C$72.00 and gave the company an “outperform” rating in a report on Friday, July 21st. BMO Capital Markets set a C$72.00 price target on shares of West Fraser Timber Co. and gave the company an “outperform” rating in a report on Tuesday, August 8th. TD Securities boosted their price target on shares of West Fraser Timber Co. from C$74.00 to C$75.00 and gave the company a “buy” rating in a report on Sunday, July 30th. CIBC boosted their price target on shares of West Fraser Timber Co. from C$62.00 to C$66.00 in a report on Tuesday, July 25th. Finally, Scotiabank boosted their price target on shares of West Fraser Timber Co. from C$67.00 to C$68.50 and gave the company an “outperform” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$68.42.

About West Fraser Timber Co.

West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce/pine/fir and southern yellow pine lumber, as well as newsprint, wood chips, and lignin. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.

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