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In a market that has been unforgiving to many sectors, West Fraser Timber Co. Ltd . (TSX:WFG) has not been spared, with its stock price touching a 52-week low of $72.71. The lumber and building materials company, which has seen its shares fluctuate over the past year, is now grappling with the pressures that have pushed its stock to this critical level. According to InvestingPro analysis, the company maintains strong financial health with more cash than debt on its balance sheet, while management has been actively buying back shares - just two of the 13 exclusive ProTips available for this stock. Despite the broader economic headwinds and industry-specific challenges, WFG’s performance over the past year reflects a decline of 8.67%, signaling a tough terrain for investors who have been tracking its journey. This latest price point marks a significant moment for the company as it navigates through the current market conditions, aiming to regain its footing and deliver value to its shareholders. With analyst price targets ranging from $90 to $117, and InvestingPro’s Fair Value calculation suggesting the stock is currently undervalued, investors seeking deeper insights can access the comprehensive Pro Research Report, available exclusively to subscribers.
In other recent news, West Fraser Timber has experienced a notable change in its stock outlook as Raymond (NSE:RYMD) James downgraded the company’s rating from Strong Buy to Outperform. This decision was influenced by concerns over valuation and a 12% reduction in the estimated earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2026. The firm’s price target for West Fraser’s shares was also adjusted downward, from $120.00 to $115.00. Despite this downgrade, Raymond James provided a bullish outlook for the sector, highlighting Canfor (TSX:CFP) and Interfor with Strong Buy ratings. Notably, West Fraser’s fourth-quarter estimates for 2024 are projected to be about 200% higher than the average Street estimates, driven by favorable pricing dynamics. The average quarterly Oriented Strand Board (OSB) prices, standing at US$392, are particularly advantageous for West Fraser. This has led Raymond James to project the company’s earnings to be 55% above the consensus. These developments reflect the ongoing shifts and expectations within the timber industry.
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