The Materials sector company, West Fraser Timber (WFT), has received a rating update from a Wall Street analyst today. Hamir Patel, an analyst with CIBC, has upgraded their rating on WFT to Buy.
According to TipRanks.com, Patel is ranked #751 out of 4900 analysts.
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Currently, the analyst consensus on West Fraser Timber is a Moderate Buy with an average price target of C$91, a 27.1% upside from current levels. In a report issued on October 22, TD Securities also reiterated a Buy rating on the stock with a C$90 price target.
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West Fraser Timber’s market cap is currently C$5.45B and has a P/E ratio of 5.7. The company has a Price to Book ratio of 1.83.
West Fraser Timber Co. Ltd. is an integrated wood products company, which produces 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 Monday at C$71.61.
