Hamir Patel, analyst at CIBC, reiterates coverage on West Fraser Timber Co (WFG) in the Basic Material sector with a Buy rating. TipRanks.com has Patel rated as a 5 star analyst with a 25% return on investment and a 57% success rate. Patel has set a price target of $93.00 .
TipRanks.com reports that WFG currently has 5 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $108.60 . The target pricing ranges from a high forecast of $125.00 down to a low forecast of $92.58 .
WFG’s last closing price was $67.92 which would put the average price target at 59.89% upside.
In addition, TradingView issued a Buy rating for WFG over the next month.
Remember, securities are volatile, so please do your own research on WFG.
Other analysts covering WFG include:
- Sean Steuart of TD Securities issued a buy rate with the price target of $115 on July 19th
- Benoit Laprade of Scotiabank issued a buy rate with the price target of $111 on July 8th
- Paul Quinn of RBC Capital issued a buy rate with the price target of $125 in June
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