Insider Selling: West Fraser Timber Co. Ltd. (TSE:WFT) Insider Sells 500,000 Shares of Stock

West Fraser Timber Co. Ltd. (TSE:WFT) insider Ketcham Investments sold 500,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of C$80.90, for a total value of C$40,450,000.00.

West Fraser Timber Co. Ltd. (TSE WFT) opened at C$79.81 on Friday. West Fraser Timber Co. Ltd. has a 52 week low of C$42.98 and a 52 week high of C$83.50.

WFT has been the subject of a number of recent analyst reports. TD Securities lowered West Fraser Timber from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$78.00 to C$80.00 in a research report on Friday, October 13th. Raymond James Financial upped their price target on shares of West Fraser Timber from C$82.00 to C$84.00 and gave the company an “outperform” rating in a research report on Tuesday, October 24th. Scotiabank upped their price target on shares of West Fraser Timber from C$80.00 to C$82.00 and gave the company a “sector perform” rating in a research report on Friday, November 3rd. CIBC boosted their price objective on West Fraser Timber from C$67.00 to C$75.00 in a research note on Thursday, October 19th. Finally, BMO Capital Markets downgraded West Fraser Timber from an “outperform” rating to a “market perform” rating in a research note on Monday, August 14th. One 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 stock has an average rating of “Hold” and a consensus target price of C$75.67.

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West Fraser Timber 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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