On July 15, an analyst has provided a rating update for the Materials sector company, West Fraser Timber (TSX: WFT). The company received a Buy on July 15 from RBC Capital’s analyst Paul Quinn, with a C$110 price target.
According to TipRanks.com, Quinn is a top 100 analyst with an average return of 21.2% and a 75.7% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Mercer International Inc, International Paper Co, and Clearwater Paper.
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West Fraser Timber has an analyst consensus of Moderate Buy, with a price target consensus of C$103.25, implying a 9.0% upside from current levels. In a report issued on July 11, CIBC also reiterated a Buy rating on the stock with a C$112 price target.
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The company has a one-year high of C$97.99 and a one-year low of C$60.60. Currently, West Fraser Timber has an average volume of 408.3K.
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 Tuesday at C$94.71, close to its 52-week high of C$97.99.
