Western Forest Products (TSE:WEF) Given New C$16.00 Price Target at TD Securities

Western Forest Products (TSE:WEF) had its target price hoisted by TD Securities from C$14.00 to C$16.00 in a research report sent to investors on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other brokerages have also issued reports on WEF. Scotiabank boosted their price target 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 lifted their price objective on Western Forest Products from C$10.00 to C$12.00 and gave the company a “market perform” rating in a report on Wednesday, February 4th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$15.25.

Western Forest Products Stock Performance

Shares of WEF opened at C$14.46 on Thursday. The stock has a 50 day moving average price of C$12.89 and a 200 day moving average price of C$12.41. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. The company has a market capitalization of C$152.67 million, a price-to-earnings ratio of -1.91, a price-to-earnings-growth ratio of 0.32 and a beta of 1.02. Western Forest Products has a 52-week low of C$10.16 and a 52-week high of C$17.28.

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