West Fraser Timber (WFT) has received a rating update from a Wall Street analyst today. Analyst Paul Quinn from RBC Capital remains bullish on the stock and has a C$75 price target.
According to TipRanks.com, Quinn is a 5-star analyst with an average return of 11.6% and a 61.0% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Mercer International Inc, Clearwater Paper, and WestRock LLC.
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, a 43.0% upside from current levels. In a report issued on July 19, Raymond James also maintained a Buy rating on the stock with a C$80 price target.
.
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$52.78, close to its 52-week low of C$52.01.
