Shares of West Fraser Timber Co. Ltd. (TSE:WFT) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$92.00.
Several equities research analysts have recently weighed in on the company. CIBC upped their target price on West Fraser Timber from C$104.00 to C$113.00 in a research report on Monday, March 19th. TD Securities upped their target price on West Fraser Timber from C$87.00 to C$91.00 and gave the stock a “hold” rating in a research report on Friday, February 16th. BMO Capital Markets upped their target price on West Fraser Timber from C$74.00 to C$76.00 in a research report on Friday, February 16th. Royal Bank of Canada upped their target price on West Fraser Timber from C$80.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Finally, Scotiabank increased their price target on West Fraser Timber from C$82.00 to C$85.00 and gave the company a “sector perform” rating in a report on Thursday, February 15th.
In other news, Director Gillian Winckler acquired 750 shares of the business’s stock in a transaction on Tuesday, March 27th. The shares were purchased at an average price of C$83.34 per share, for a total transaction of C$62,505.00. Also, insider James A. Pattison sold 11,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of C$89.48, for a total value of C$993,228.00.
Shares of TSE WFT traded down C$1.77 on Wednesday, hitting C$83.84. The company had a trading volume of 115,417 shares, compared to its average volume of 287,941. West Fraser Timber has a 12-month low of C$55.18 and a 12-month high of C$94.64.
West Fraser Timber (TSE:WFT) last issued its earnings results on Wednesday, February 14th. The company reported C$2.58 earnings per share for the quarter. West Fraser Timber had a return on equity of 31.45% and a net margin of 15.04%. The company had revenue of C$1.38 billion during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Tuesday, April 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.72%. This is an increase from West Fraser Timber’s previous quarterly dividend of $0.11.
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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.
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