West Fraser Timber Co. Ltd. (WFT) Reaches New 52-Week High at $83.21

West Fraser Timber Co. Ltd. (TSE:WFT) reached a new 52-week high on Friday . The company traded as high as C$83.21 and last traded at C$81.85, with a volume of 327800 shares. The stock had previously closed at C$81.42.

Several equities research analysts have commented on WFT shares. TD Securities upped their target price on shares of West Fraser Timber Co. from C$71.00 to C$74.00 and gave the company a “buy” rating in a research note on Monday, July 24th. CIBC upped their target price on shares of West Fraser Timber Co. from C$62.00 to C$66.00 in a research note on Tuesday, July 25th. Raymond James Financial, Inc. upped their target price on shares of West Fraser Timber Co. from C$72.00 to C$76.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Scotiabank upped their target price 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 note on Friday, July 28th. Finally, BMO Capital Markets set a C$72.00 target price on shares of West Fraser Timber Co. and gave the company an “outperform” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$75.67.

In other news, insider Ketcham Investments sold 500,000 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$80.90, for a total transaction of C$40,450,000.00. Also, Director Gillian Winckler acquired 1,000 shares of the stock in a transaction dated Friday, September 1st. The shares were bought at an average cost of C$64.22 per share, with a total value 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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