West Fraser Timber (WFG) Stock Forecast & Price Target

$87.32

-0.64 (-0.73%)

(As of 09/6/2024 ET)

West Fraser Timber - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for West Fraser Timber in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 4 have given a buy rating, and 1 has given a strong buy rating for WFG.

Consensus Price Target

$105.60
20.93% Upside

High Forecast	$118.00
Average Forecast	$105.60
Low Forecast	$100.00

According to the 5 analysts' twelve-month price targets for West Fraser Timber, the average price target is $105.60. The highest price target for WFG is $118.00, while the lowest price target for WFG is $100.00. The average price target represents a forecasted upside of 20.93% from the current price of $87.32.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	4 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$105.60	$106.50	$106.25	$113.13
Forecasted Upside	20.93% Upside	32.85% Upside	33.77% Upside	37.52% Upside

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WFG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

WFG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

West Fraser Timber Stock vs. The Competition

Type	West Fraser Timber	Basic Materials Companies	S&P 500
Consensus Rating Score	3.20	2.69	2.51
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	20.93% Upside	192.84% Upside	11.36% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/30/2024	BMO Capital Markets 4 of 5 stars	K. Mamtora Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$92.00 ➝ $105.00	+21.13%
7/26/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$97.00 ➝ $100.00	+17.90%
4/16/2024	TD Securities 4 of 5 stars		Boost Target	Buy	$115.00 ➝ $118.00	+52.95%
2/6/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy	$100.00 ➝ $105.00	+36.01%
1/22/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	$100.00	+21.32%
8/23/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$106.50 ➝ $108.50	+40.93%
8/23/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$106.50 ➝ $109.00	+43.67%
10/3/2022	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Hamir Patel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:07 PM ET.

WFG Forecast - Frequently Asked Questions

What is West Fraser Timber's forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for West Fraser Timber is $105.60, with a high forecast of $118.00 and a low forecast of $100.00.
Should I buy or sell West Fraser Timber stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for West Fraser Timber in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WFG shares.
Does West Fraser Timber's stock price have much upside?: According to analysts, West Fraser Timber's stock has a predicted upside of 29.32% based on their 12-month stock forecasts.
What analysts cover West Fraser Timber?: West Fraser Timber has been rated by research analysts at BMO Capital Markets, and Royal Bank of Canada in the past 90 days.
Do Wall Street analysts like West Fraser Timber more than its competitors?: Analysts like West Fraser Timber more than other "basic materials" companies. The consensus rating for West Fraser Timber is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how WFG compares to other companies.