Western Forest Products (TSE:WEF) Price Target Raised to C$17.00

Western Forest Products (TSE:WEF) had its price target upped by TD from C$16.00 to C$17.00 in a research note published on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other research analysts have also weighed in on WEF. Scotiabank boosted their price objective on shares of Western Forest Products from C$12.50 to C$18.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. Raymond James Financial boosted their price objective on shares of Western Forest Products from C$12.00 to C$13.50 and gave the stock a “market perform” rating in a research note on Friday, February 20th. Finally, TD Securities boosted their price objective on shares of 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. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Western Forest Products presently has a consensus rating of “Hold” and a consensus price target of C$15.70.

Western Forest Products Stock Up 3.0%

Western Forest Products stock opened at C$14.76 on Thursday. The firm has a market capitalization of C$155.84 million, a PE ratio of -1.95, a P/E/G ratio of 0.32 and a beta of 0.16. The company’s 50-day moving average is C$14.17 and its 200-day moving average is C$12.85. Western Forest Products has a fifty-two week low of C$10.16 and a fifty-two week high of C$17.28. The company has a debt-to-equity ratio of 12.40, a current ratio of 2.85 and a quick ratio of 0.73.

Western Forest Products (TSE:WEF) last released its quarterly earnings data on Tuesday, February 10th. The company reported C($1.55) earnings per share for the quarter. The firm had revenue of C$201.90 million for the quarter. Western Forest Products had a negative return on equity of 15.26% and a negative net margin of 8.09%. Sell-side analysts anticipate that Western Forest Products will post 0.004992 earnings per share for the current 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.