West Fraser Timber Co. Ltd. (TSE:WFT) declared a quarterly dividend on Tuesday, September 27th. Stockholders of record on Thursday, October 13th will be given a dividend of 0.07 per share on Thursday, October 13th. This represents a $0.28 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Tuesday, September 27th.

West Fraser Timber Co. (TSE:WFT) opened at 42.38 on Thursday. West Fraser Timber Co. has a 52 week low of $35.35 and a 52 week high of $55.99. The company has a 50-day moving average of $43.17 and a 200 day moving average of $43.12. The firm has a market cap of $3.38 billion and a P/E ratio of 28.65.

Several research analysts have recently issued reports on WFT shares. Raymond James Financial Inc. lifted their price target on West Fraser Timber Co. from C$49.00 to C$56.00 in a research note on Friday, July 22nd. TD Securities raised West Fraser Timber Co. from a “buy” rating to an “action list buy” rating and lifted their price target for the stock from C$56.00 to C$60.00 in a research note on Monday, July 25th. Scotiabank cut their price target on West Fraser Timber Co. from C$60.00 to C$57.00 and set an “outperform” rating for the company in a research note on Friday, July 22nd. Royal Bank Of Canada downgraded West Fraser Timber Co. from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$54.00 to C$40.00 in a research note on Friday, June 17th. Finally, CIBC cut their price target on West Fraser Timber Co. from C$51.00 to C$50.00 in a research note on Tuesday, July 26th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$53.83.

About West Fraser Timber Co.

West Fraser Timber Co Ltd. is a Canada-based integrated wood products company producing lumber, wood chips, laminated veneer lumber (LVL), medium density fiberboard (MDF), plywood, pulp, energy and newsprint. The Company has operations in western Canada and the southern United States. The Company’s operating segments are Lumber, Panels, and Pulp and Paper.

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