Scotiabank analyst Ben Isaacson maintained a Buy rating on West Fraser Timber Co (WFG – Research Report) today and set a price target of $100.00. The company’s shares closed last Friday at $79.69.
According to TipRanks, Isaacson is a 4-star analyst with an average return of 9.5% and a 50.00% success rate. Isaacson covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co, Albemarle, and Sociedad Quimica Y Minera SA.
Currently, the analyst consensus on West Fraser Timber Co is a Strong Buy with an average price target of $98.00, a 22.98% upside from current levels. In a report released on February 16, CIBC also maintained a Buy rating on the stock with a C$131.00 price target.
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WFG market cap is currently $6.7B and has a P/E ratio of -39.13.
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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.
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