West Fraser Timber Co. Ltd. (WFT) Insider Sells C$40,450,000.00 in Stock

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

West Fraser Timber Co. Ltd. (TSE:WFT) traded up C$0.43 during midday trading on Thursday, hitting C$81.85. 327,800 shares of the stock were exchanged, compared to its average volume of 288,264. West Fraser Timber Co. Ltd. has a 1-year low of C$42.98 and a 1-year high of C$83.07.

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A number of brokerages recently issued reports on WFT. Scotiabank increased their target price on shares of West Fraser Timber Co. 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 raised their price objective on shares of West Fraser Timber Co. from C$75.00 to C$80.00 in a research report on Thursday, October 26th. TD Securities raised their price objective on shares of West Fraser Timber Co. from C$80.00 to C$83.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Raymond James Financial, Inc. raised their price objective on shares of West Fraser Timber Co. from C$82.00 to C$84.00 and gave the company an “outperform” rating in a research report on Tuesday, October 24th. Finally, BMO Capital Markets lowered shares of West Fraser Timber Co. from an “outperform” rating to a “market perform” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. West Fraser Timber Co. has a consensus rating of “Hold” and a consensus target price of C$75.67.

About West Fraser Timber Co.

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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