West Fraser Timber Co. Ltd. (TSE:WFT) Price Target Raised to C$76.00
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.
ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/west-fraser-timber-co-ltd-tsewft-price-target-raised-to-c76-00/1463302.html.
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.
Receive News & Ratings for West Fraser Timber Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber Co. Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.