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.

Shares of West Fraser Timber (TSE:WFT) traded down C$0.83 during trading hours on Friday, hitting C$80.50. The stock had a trading volume of 289,747 shares, compared to its average volume of 207,235. West Fraser Timber has a 12 month low of C$42.98 and a 12 month high of C$83.50. The company has a market capitalization of $6,470.00, a PE ratio of 12.68 and a beta of 1.54.

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%.

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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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