West Fraser Timber (TSE:WFT) PT Raised to C$75.00 at TD Securities

West Fraser Timber (TSE:WFT) had its target price lifted by TD Securities from C$65.00 to C$75.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Raymond James upped their target price on West Fraser Timber from C$70.00 to C$74.00 and gave the company an outperform rating in a research report on Tuesday, July 28th. Royal Bank of Canada upped their target price on West Fraser Timber from C$65.00 to C$77.00 and gave the company an outperform rating in a research report on Wednesday. Scotiabank upped their target price on West Fraser Timber from C$54.00 to C$63.00 in a research report on Friday, July 24th. Finally, CIBC upped their target price on West Fraser Timber from C$49.00 to C$53.00 in a research report on Monday, June 15th.

Shares of TSE WFT opened at C$66.32 on Wednesday. The business’s 50 day moving average price is C$51.25 and its 200 day moving average price is C$45.01. The firm has a market cap of $4.55 billion and a P/E ratio of -28.13. West Fraser Timber has a 52 week low of C$21.60 and a 52 week high of C$67.04. The company has a quick ratio of 0.46, a current ratio of 1.28 and a debt-to-equity ratio of 53.75.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.20 dividend. The ex-dividend date was Monday, July 6th. This represents a $0.80 annualized dividend and a yield of 1.21%. West Fraser Timber’s dividend payout ratio is presently -33.93%.

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.

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