CIBC Maintains Their Hold Rating on West Fraser Timber (WFT)


In a new note to investors today, an analyst has provided a rating update for West Fraser Timber (WFT). Analyst Hamir Patel from CIBC remains neutral on the stock and has a C$62 price target.

According to TipRanks.com, Patel is a 4-star analyst with an average return of 5.2% and a 48.8% success rate. Patel covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Cascades Inc, and Norbord Inc.

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Currently, the analyst consensus on West Fraser Timber is a Moderate Buy with an average price target of C$75.40.

West Fraser Timber’s market cap is currently C$3.82B and has a P/E ratio of 6.6. The company has a Price to Book ratio of 1.38.

West Fraser Timber Co. Ltd. is an integrated wood products company. Its products include lumber, wood chips, plywood, pulp and newsprint. Its products include Spruce-Pine-Fir, laminated veneer, and southern yellow pine lumber, medium density fiberboard, plywood, treated wood, pulp and paper.

The company’s shares closed on Friday at C$54.42, close to its 52-week low of C$52.01.

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