West Fraser Timber Co. Ltd. (TSE:WFT) had its price objective increased by Raymond James Financial, Inc. from C$72.00 to C$76.00 in a research report report published on Thursday morning. The firm currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on WFT. CIBC lifted their price target on shares of West Fraser Timber Co. from C$62.00 to C$66.00 in a research note on Tuesday, July 25th. Scotiabank lifted their price objective on West Fraser Timber Co. from C$64.00 to C$67.00 and gave the company an outperform rating in a report on Friday, July 21st. TD Securities lifted their price objective on West Fraser Timber Co. from C$71.00 to C$74.00 and gave the company a buy rating in a report on Monday, July 24th. Royal Bank Of Canada set a C$50.00 price target on West Fraser Timber Co. and gave the company a sector perform rating in a report on Friday, March 31st. Finally, BMO Capital Markets set a C$68.00 price target on West Fraser Timber Co. and gave the company an outperform rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of C$67.75.

West Fraser Timber Co. (TSE:WFT) opened at 66.80 on Thursday. West Fraser Timber Co. has a 1-year low of $38.18 and a 1-year high of $67.04. The firm’s 50-day moving average is $61.68 and its 200-day moving average is $56.71. The company has a market capitalization of $5.22 billion and a P/E ratio of 11.53.

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The company also recently declared 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. This represents a $0.28 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Friday, June 23rd.

West Fraser Timber Co. Company Profile

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)

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