Western Forest Products (TSE:WEF) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Western Forest Products (TSE:WEF) had its price target upped by analysts at Raymond James Financial from C$12.00 to C$13.50 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial’s price objective indicates a potential downside of 5.40% from the stock’s current price.

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

Western Forest Products Stock Up 5.9%

WEF stock opened at C$14.27 on Friday. The business’s 50-day moving average price is C$13.23 and its 200-day moving average price is C$12.44. The stock 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 company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. Western Forest Products has a twelve month low of C$10.16 and a twelve month high of C$17.28.

Western Forest Products (TSE:WEF) last released its earnings results on Tuesday, February 10th. The company reported C($1.55) EPS 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 7.69% and a negative net margin of 4.21%. On average, equities research analysts forecast that Western Forest Products will post 0.004992 EPS 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.