West Fraser Timber (TSE:WFT) had its target price lowered by Raymond James from C$84.00 to C$80.00 in a research report released on Monday morning, BayStreet.CA reports.
Several other analysts have also commented on the stock. Royal Bank of Canada dropped their price target on shares of West Fraser Timber from C$100.00 to C$90.00 in a research report on Tuesday, January 8th. BMO Capital Markets upgraded shares of West Fraser Timber from a market perform rating to an outperform rating and raised their price target for the company from C$68.00 to C$78.00 in a research report on Tuesday, March 12th. CIBC lowered shares of West Fraser Timber from an outperform rating to a neutral rating and dropped their price target for the company from C$79.00 to C$70.00 in a research report on Monday, January 14th. Finally, TD Securities dropped their price target on shares of West Fraser Timber from C$86.00 to C$84.00 and set a buy rating on the stock in a research report on Thursday, February 14th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of C$83.50.
TSE:WFT opened at C$63.94 on Monday. The firm has a market capitalization of $4.65 billion and a PE ratio of 6.06. The company has a current ratio of 2.26, a quick ratio of 0.91 and a debt-to-equity ratio of 26.00. West Fraser Timber has a 1-year low of C$60.44 and a 1-year high of C$97.99.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, March 15th. West Fraser Timber’s payout ratio is 6.59%.
About West Fraser Timber
West Fraser Timber Co Ltd. produces and sells lumber, panels, and pulp and paper in western Canada and the southern United States. The company offers spruce-pine-fir and southern yellow pine lumber, as well as newsprint, wood chips, and other residuals and energy products. It also provides treated wood, medium density fiberboard panels, laminated veneer lumber panels, and plywood; northern bleached softwood Kraft pulp used to produce various paper products, including printing and writing papers, specialty grades, and various tissue products; and bleached chemical thermo-mechanical pulp that is used to produce coated board grades, printing and writing paper, and paper towel/napkin grades, as well as specialty papers and tissue grades.
Receive News & Ratings for West Fraser Timber Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for West Fraser Timber and related companies with MarketBeat.com's FREE daily email newsletter.