West Fraser Timber Co. Ltd. (WFT) Given Consensus Rating of “Hold” by Analysts
West Fraser Timber Co. Ltd. (TSE:WFT) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$85.60.
A number of equities research analysts have recently issued reports on the company. TD Securities boosted their price objective on West Fraser Timber from C$80.00 to C$83.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. CIBC upgraded shares of West Fraser Timber from a “neutral” rating to an “outperform” rating and lifted their price target for the company from C$80.00 to C$99.00 in a research report on Friday. Royal Bank of Canada upgraded shares of West Fraser Timber from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from C$60.00 to C$80.00 in a research report on Friday. Scotiabank lifted their price target on shares of West Fraser Timber from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. Finally, Raymond James Financial lifted their price target on shares of West Fraser Timber from C$82.00 to C$84.00 and gave the company an “outperform” rating in a research report on Tuesday, October 24th.
In other news, insider Ketcham Investments sold 500,000 shares of West Fraser Timber stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$80.90, for a total value of C$40,450,000.00.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 27th were given 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 0.55%. West Fraser Timber’s payout ratio is 5.04%.
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.
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