West Fraser Timber Co. Ltd. (TSE:WFT) had its price target boosted by Scotiabank from C$64.00 to C$67.00 in a research report sent to investors on Friday, July 21st. They currently have an outperform rating on the stock.
Other research analysts have also issued research reports about the company. TD Securities increased their price target on West Fraser Timber Co. from C$68.00 to C$71.00 and gave the stock a buy rating in a research note on Wednesday, April 26th. BMO Capital Markets set a C$68.00 price target on West Fraser Timber Co. and gave the stock an outperform rating in a research note on Wednesday, April 26th. Raymond James Financial, Inc. set a C$67.00 price target on West Fraser Timber Co. and gave the stock an outperform rating in a research note on Tuesday, April 25th. Finally, Royal Bank Of Canada set a C$50.00 target price on West Fraser Timber Co. and gave the stock a sector perform rating in a research report on Friday, March 31st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of C$68.42.
West Fraser Timber Co. (TSE WFT) traded down 0.64% during midday trading on Friday, reaching $63.18. The company’s stock had a trading volume of 234,209 shares. The firm has a market cap of $4.94 billion and a price-to-earnings ratio of 10.90. West Fraser Timber Co. has a 1-year low of $38.18 and a 1-year high of $69.66. The company has a 50 day moving average price of $64.04 and a 200 day moving average price of $58.65.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 18th. Investors of record on Tuesday, July 18th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, June 23rd.
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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