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RBC Capital Stick to Their Buy Rating for West Fraser Timber Co. Ltd.

Published 12/03/2020, 08:51 PM
Updated 12/03/2020, 08:51 PM


RBC Capital analyst Paul Quinn maintained a Buy rating on West Fraser Timber Co (OTC:WFTBF). Ltd. on Thursday, setting a price target of C$90, which is approximately 18.95% above the present share price of $58.53.

Quinn expects West Fraser Timber Co. Ltd. to post earnings per share (EPS) of $5.09 for the fourth quarter of 2020.

The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in West Fraser Timber Co, with an average price target of $67.82.
The analysts price targets range from a high of $73.49 to a low of $64.21.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $1.69 billion and a net profit of $487 million. The company's market cap is $3.89 billion.

According to TipRanks.com, RBC Capital analyst Paul Quinn is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.9% and a 69.64% success rate.

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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