Royal Bank of Canada upgraded shares of West Fraser Timber (TSE:WFT) from an underperform rating to a sector perform rating in a research report released on Friday morning. Royal Bank of Canada currently has C$80.00 price objective on the stock, up from their prior price objective of C$60.00.

A number of other analysts have also issued reports on the company. TD Securities lowered West Fraser Timber from a buy rating to a hold rating and increased their target price for the company from C$78.00 to C$80.00 in a report on Friday, October 13th. Raymond James Financial increased their target price on West Fraser Timber from C$82.00 to C$84.00 and gave the company an outperform rating in a report on Tuesday, October 24th. Scotiabank increased their target price on West Fraser Timber from C$80.00 to C$82.00 and gave the company a sector perform rating in a report on Friday, November 3rd. Finally, CIBC increased their target price on West Fraser Timber from C$67.00 to C$75.00 in a report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of C$83.33.

Shares of West Fraser Timber (TSE:WFT) opened at C$84.52 on Friday. The firm has a market capitalization of $6,420.00, a price-to-earnings ratio of 13.31 and a beta of 1.54. West Fraser Timber has a one year low of C$42.98 and a one year high of C$88.98.

West Fraser Timber (TSE:WFT) last released its quarterly earnings data on Monday, October 23rd. The company reported C$1.93 earnings per share for the quarter. West Fraser Timber had a return on equity of 19.26% and a net margin of 9.62%.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th were issued a $0.11 dividend. The ex-dividend date was Tuesday, December 26th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.52%. West Fraser Timber’s payout ratio is currently 5.04%.

In other news, insider Ketcham Investments sold 500,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of C$80.90, for a total value of C$40,450,000.00.

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West Fraser Timber 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 (TSE:WFT)

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