In a new note to investors today, an analyst has provided a rating update for the Materials sector company, West Fraser Timber (WFT). The company received a Buy rating from BMO Capital’s analyst Mark Wilde, with a C$74 price target.
According to TipRanks.com, Wilde is a 5-star analyst with an average return of 11.4% and a 67.6% success rate. Wilde covers the Consumer Goods sector, focusing on stocks such as Sonoco Products, Domtar Corp, and Sealed Air.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for West Fraser Timber with a C$75.50 average price target, which is a 43.0% upside from current levels. In a report issued on July 9, RBC Capital also maintained a Buy rating on the stock with a C$77 price target.
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West Fraser Timber’s market cap is currently C$3.79B and has a P/E ratio of 6.6. The company has a Price to Book ratio of 1.36.
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 Monday at C$52.83, close to its 52-week low of C$52.01.
