Western Forest Products (OTCMKTS:WFSTF – Get Rating) had its price target dropped by equities researchers at Scotiabank from C$2.75 to C$2.50 in a research note issued to investors on Friday, The Fly reports.
Separately, Raymond James upgraded Western Forest Products from an “outperform” rating to a “strong-buy” rating in a report on Thursday, February 17th.
Shares of Western Forest Products stock traded down $0.10 on Friday, reaching $1.19. The company had a trading volume of 14,792 shares, compared to its average volume of 15,657. The firm’s 50-day moving average price is $1.50 and its two-hundred day moving average price is $1.58. Western Forest Products has a 1 year low of $1.19 and a 1 year high of $1.94.
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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