Western Forest Products (TSE:WEF) had its target price cut by investment analysts at Scotiabank from C$1.75 to C$1.50 in a note issued to investors on Tuesday, BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 130.77% from the company’s previous close.
WEF has been the subject of several other research reports. TD Securities raised their price objective on shares of Western Forest Products from C$1.25 to C$1.50 and gave the company a “hold” rating in a research note on Thursday, February 13th. Raymond James set a C$1.50 price objective on shares of Western Forest Products and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Royal Bank of Canada raised shares of Western Forest Products from a “sector perform” rating to an “outperform” rating and set a C$1.25 price objective for the company in a research note on Tuesday, March 17th. Finally, CIBC raised their price objective on shares of Western Forest Products from C$1.25 to C$1.50 in a research note on Friday, February 14th.
TSE WEF opened at C$0.65 on Tuesday. The firm has a 50 day simple moving average of C$1.05 and a 200-day simple moving average of C$1.18. The company has a debt-to-equity ratio of 27.62, a quick ratio of 0.87 and a current ratio of 3.89. Western Forest Products has a one year low of C$0.58 and a one year high of C$2.02. The firm has a market cap of $236.37 million and a price-to-earnings ratio of -5.28.
About Western Forest Products
Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers various products for outdoor living space, such as structures, decking, landscaping, and fencing; home components, including appearance, Japanese housing, and framing, as well as siding, paneling, trim, and soffits; and furniture, moldings, and decorative purpose, as well as doors, windows, and stair components.
Featured Article: Inflation
Receive News & Ratings for Western Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.