Other analysts have also issued research reports about the company. Raymond James Financial Inc. lowered their target price on Western Forest Products from C$2.50 to C$2.25 in a report on Thursday, July 7th. TD Securities reissued a buy rating and issued a C$2.50 target price on shares of Western Forest Products in a report on Friday, August 5th. Finally, Scotiabank reissued an outperform rating and issued a C$2.50 target price on shares of Western Forest Products in a report on Thursday, August 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of C$2.59.
Western Forest Products (TSE:WEF) opened at 2.05 on Wednesday. The firm has a market capitalization of $810.67 million and a P/E ratio of 12.81. Western Forest Products has a 52-week low of $1.77 and a 52-week high of $2.40. The firm has a 50-day moving average price of $2.10 and a 200 day moving average price of $2.15.
Western Forest Products Company Profile
Western Forest Products Inc (WFP) is a Canada-based softwood forest products company, operating in the coastal region of British Columbia. The Company’s primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber, wood chips and lumber remanufacturing. WFP’s lumber products are currently sold in over 25 countries worldwide.
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