West Fraser Timber Co. Ltd. (WFT) Trading 3.5% Higher

West Fraser Timber Co. Ltd. (TSE:WFT)’s share price traded up 3.5% on Monday . The company traded as high as C$66.60 and last traded at C$66.12. 211,938 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 242,521 shares. The stock had previously closed at C$63.87.

A number of equities analysts have weighed in on the stock. BMO Capital Markets set a C$72.00 price objective on shares of West Fraser Timber Co. and gave the company an “outperform” rating in a research report on Tuesday, August 8th. TD Securities upped their price objective on shares of West Fraser Timber Co. from C$74.00 to C$75.00 and gave the company a “buy” rating in a research report on Sunday, July 30th. Scotiabank upped their price objective on shares of West Fraser Timber Co. from C$67.00 to C$68.50 and gave the company an “outperform” rating in a research report on Friday, July 28th. Raymond James Financial, Inc. upped their price objective on shares of West Fraser Timber Co. from C$67.00 to C$72.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Finally, CIBC upped their price objective on shares of West Fraser Timber Co. from C$62.00 to C$66.00 in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. West Fraser Timber Co. has a consensus rating of “Hold” and a consensus price target of C$68.42.

The stock’s 50 day moving average price is $64.53 and its 200 day moving average price is $60.35. The company has a market cap of $5.17 billion and a price-to-earnings ratio of 11.42.

In other news, Director Gillian Winckler bought 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average cost of C$64.22 per share, for a total transaction of C$64,220.00.

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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.

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