West Fraser Timber (WFT), the Materials sector company, has received a rating update from a Wall Street analyst on November 12. Scotiabank’s analyst Benoit Laprade reiterates their Hold rating on the shares, with a C$87 price target.
According to TipRanks.com, Laprade is a 4-star analyst with an average return of 2.6% and a 62.9% success rate. Laprade covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Louisiana-Pacific, and Norbord Inc.
Currently, the analyst consensus on West Fraser Timber is a Moderate Buy with an average price target of C$88.50.
The company has a one-year high of C$97.99 and a one-year low of C$60.44. Currently, West Fraser Timber has an average volume of 468.2K.
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 Friday at C$69.52.
