TD Cowen Sticks to Their Buy Rating for West Fraser Timber Co (WFG)

TD Cowen analyst Sean Steuart maintained a Buy rating on West Fraser Timber Co yesterday and set a price target of C$93.00. The company’s shares closed yesterday at C$97.59.

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According to TipRanks, Steuart is a 4-star analyst with an average return of 5.9% and a 51.14% success rate. Steuart covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co, Clearwater Paper, and Mercer International.

Currently, the analyst consensus on West Fraser Timber Co is a Strong Buy with an average price target of C$102.38, implying a 4.90% upside from current levels. In a report released on January 14, Raymond James also upgraded the stock to a Buy with a $75.00 price target.

The company has a one-year high of C$133.59 and a one-year low of C$80.82. Currently, West Fraser Timber Co has an average volume of 199.1K.

Based on the recent corporate insider activity of 11 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.