19:54:34 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



West Fraser Timber Co Ltd
Symbol WFG
Shares Issued 82,831,072
Close 2022-11-23 C$ 108.92
Market Cap C$ 9,021,960,362
Recent Sedar Documents

Globe says Kuske sticking to sidelines of West Fraser

2022-11-24 09:16 ET - In the News

The Globe and Mail reports in its Thursday edition that Credit Suisse analyst Andrew Kuske rates West Fraser Timber "neutral" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kuske set a share target of $100 (U.S.). Analysts on average target the shares at $108.33 (U.S.) Mr. Kuske says West Fraser has "an enviable position in both lumber and OSB markets." He says in a note: "In our view, WFG offers interesting and large-scale lumber and oriented strand board (OSB) exposure in North America and OSB in selected European markets. WFG holds roughly a 10-per-cent market share of North American lumber along with a 30-per-cent share of OSB markets after the 2021 Norbord acquisition. We like the company's positioning and longer-term approach to value creation, however, housing market dynamics (i.e., generally decelerating trends), declining lumber and OSB prices from past peaks keep us on the sidelines. A combination of improved housing trends, greater commodity prices or a lower share price would support a more constructive outlook." The Globe reported on Aug. 3 that CIBC analyst Hamir Patel continued to rate West Fraser Timber "outperformer." It was then worth about $93 (U.S.).

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