Western Forest Products (TSE:WEF) Price Target Raised to C$13.50

Western Forest Products (TSE:WEF) had its target price raised by Raymond James Financial from C$12.00 to C$13.50 in a research report report published on Friday,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

WEF has been the topic of a number of other reports. TD Securities boosted their price target on Western Forest Products from C$14.00 to C$16.00 and gave the stock a “hold” rating in a research note on Thursday, February 12th. Scotiabank boosted their target price on Western Forest Products from C$12.50 to C$18.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Western Forest Products presently has a consensus rating of “Hold” and a consensus target price of C$15.63.

Western Forest Products Stock Performance

Shares of WEF stock opened at C$14.27 on Friday. The company has a market cap of C$150.66 million, a P/E ratio of -1.89, a PEG ratio of 0.32 and a beta of 1.02. The firm has a fifty day moving average price of C$13.23 and a 200 day moving average price of C$12.44. The company has a current ratio of 3.04, a quick ratio of 0.73 and a debt-to-equity ratio of 19.61. Western Forest Products has a 12 month low of C$10.16 and a 12 month high of C$17.28.

Western Forest Products (TSE:WEF) last released its quarterly earnings data on Tuesday, February 10th. The company reported C($1.55) earnings per share (EPS) for the quarter. The company had revenue of C$201.90 million during the quarter. Western Forest Products had a negative net margin of 4.21% and a negative return on equity of 7.69%. Sell-side analysts predict that Western Forest Products will post 0.004992 earnings per share for the current fiscal year.

Western Forest Products Company Profile

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company’s largest markets and contribute the vast majority of its total revenue.