RBC Capital analyst Matt McKellar reiterated a Buy rating on West Fraser Timber Co (WFG – Research Report) today and set a price target of $90.00. The company’s shares closed yesterday at $76.93.
McKellar covers the Consumer Cyclical sector, focusing on stocks such as International Paper Co, WestRock, and Cascades. According to TipRanks, McKellar has an average return of 9.4% and a 76.47% success rate on recommended stocks.
Currently, the analyst consensus on West Fraser Timber Co is a Strong Buy with an average price target of $90.28.
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WFG market cap is currently $6.34B and has a P/E ratio of -59.58.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WFG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
West Fraser Timber Co (WFG) Company Description:
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 firm operates through the following segments: Lumber, Panels, Pulp and Paper, and Intracompany Fibre Sales. The company was founded by Henry Holman Ketcham Jr., Samuel Kendall Ketcham, and William Peters Ketcham in 1955 and is headquartered in Vancouver, Canada.
Read More on WFG:
- WEST FRASER DECLARES DIVIDEND AND ANNOUNCES APPOINTMENT TO BOARD OF DIRECTORS
- WEST FRASER ANNOUNCES COMPLETION OF SPRAY LAKE SAWMILLS ACQUISITION
- West Fraser Timber price target lowered to C$95 from C$100 at RBC Capital
- WEST FRASER ANNOUNCES THIRD QUARTER 2023 RESULTS
- West Fraser Timber sees 2023 total lumber shipments ‘similar’ to 2022 levels
