TipRanksStock Market NewsWFG NewsRBC Capital Believes West Fraser Timber Co (WFG) Won’t Stop Here

RBC Capital Believes West Fraser Timber Co (WFG) Won’t Stop Here

In a report issued on July 19, Paul Quinn from RBC Capital maintained a Buy rating on West Fraser Timber Co (WFGResearch Report), with a price target of $105.00. The company’s shares closed last Wednesday at $101.99, close to its 52-week high of $102.66.

According to TipRanks.com, Quinn is a top 100 analyst with an average return of 21.8% and a 59.8% success rate. Quinn covers the Basic Materials sector, focusing on stocks such as Rayonier Advanced Materials, GreenFirst Forest Products, and International Paper Co.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for West Fraser Timber Co with a $115.35 average price target, which is a 21.2% upside from current levels. In a report issued on July 8, CIBC also maintained a Buy rating on the stock with a C$124.00 price target.

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The company has a one-year high of $102.66 and a one-year low of $64.72. Currently, West Fraser Timber Co has an average volume of 467.2K.

Based on the recent corporate insider activity of 19 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. 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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