Western Forest Products (TSE:WEF) PT Lowered to C$2.25 at CIBC

Western Forest Products (TSE:WEFGet Rating) had its target price lowered by stock analysts at CIBC from C$2.50 to C$2.25 in a research note issued to investors on Thursday, BayStreet.CA reports. CIBC’s target price suggests a potential upside of 10.29% from the company’s previous close.

Separately, TD Securities boosted their price objective on shares of Western Forest Products from C$2.25 to C$2.50 in a research report on Wednesday, January 5th.

Shares of WEF traded down C$0.02 on Thursday, hitting C$2.04. The company’s stock had a trading volume of 320,331 shares, compared to its average volume of 1,042,225. The company has a debt-to-equity ratio of 2.97, a current ratio of 2.12 and a quick ratio of 0.96. The company has a 50 day moving average price of C$2.07 and a 200 day moving average price of C$2.05. Western Forest Products has a fifty-two week low of C$1.66 and a fifty-two week high of C$2.58. The company has a market capitalization of C$663.82 million and a PE ratio of 3.64.

Western Forest Products (TSE:WEFGet Rating) last posted its quarterly earnings data on Wednesday, February 16th. The company reported C$0.08 earnings per share for the quarter, hitting the consensus estimate of C$0.08. The company had revenue of C$327.90 million during the quarter. On average, equities analysts forecast that Western Forest Products will post 0.29 EPS for the current year.

About Western Forest Products (Get Rating)

Western Forest Products Inc engages in the timber harvesting, sawmilling logs into specialty lumber, value-added lumber remanufacturing, and lumber purchasing and wholesaling businesses. Its products have applications in outdoor living; exterior appearance; interior living; and structural applications.

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