Companies in the Materials sector have received a lot of coverage today as analysts weigh in on West Fraser Timber Co (WFG – Research Report), Fortescue Metals Group Ltd (FSUMF – Research Report) and Methanex (MEOH – Research Report).
West Fraser Timber Co (WFG)
RBC Capital analyst Paul Quinn maintained a Buy rating on West Fraser Timber Co on July 27 and set a price target of $110.00. The company’s shares closed last Monday at $84.29.
According to TipRanks.com, Quinn is a top 100 analyst with an average return of
Currently, the analyst consensus on West Fraser Timber Co is a Strong Buy with an average price target of $103.12, which is a 20.6% upside from current levels. In a report issued on July 24, Raymond James also upgraded the stock to Buy with a C$120.00 price target.
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Fortescue Metals Group Ltd (FSUMF)
RBC Capital analyst Kaan Peker maintained a Sell rating on Fortescue Metals Group Ltd on July 27 and set a price target of A$17.00. The company’s shares closed last Friday at $14.65.
According to TipRanks.com, Peker is a 3-star analyst with an average return of
Fortescue Metals Group Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $12.11, implying a -17.7% downside from current levels. In a report issued on July 19, Citi also downgraded the stock to Sell with a A$19.40 price target.
Methanex (MEOH)
In a report issued on July 27, Nelson Ng from RBC Capital maintained a Hold rating on Methanex, with a price target of $45.00. The company’s shares closed last Monday at $45.04.
Ng has an average return of
According to TipRanks.com, Ng is ranked #691 out of 8533 analysts.
Currently, the analyst consensus on Methanex is a Moderate Buy with an average price target of $50.38.
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