Raymond William Ferris Acquires 2,500 Shares of West Fraser Timber Co. Ltd. (WFT) Stock

West Fraser Timber Co. Ltd. (TSE:WFT) insider Raymond William Ferris acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The stock was purchased at an average cost of C$68.58 per share, for a total transaction of C$171,450.00.

Shares of TSE:WFT opened at C$65.64 on Friday. West Fraser Timber Co. Ltd. has a 52-week low of C$60.44 and a 52-week high of C$97.99.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 9th. Shareholders of record on Tuesday, October 9th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, September 24th. This represents a $0.80 dividend on an annualized basis and a yield of 1.22%. This is a positive change from West Fraser Timber’s previous quarterly dividend of $0.15.



WFT has been the topic of several research analyst reports. BMO Capital Markets dropped their price objective on West Fraser Timber from C$82.00 to C$68.00 in a research note on Friday, October 19th. CIBC increased their price objective on West Fraser Timber from C$110.00 to C$112.00 in a research note on Thursday, July 12th. TD Securities raised West Fraser Timber from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$99.00 to C$102.00 in a research note on Monday, July 23rd. Finally, Raymond James set a C$100.00 price objective on West Fraser Timber and gave the stock a “strong-buy” rating in a research note on Tuesday, October 23rd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$90.33.

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 lignin. 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.

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