TD Issues Positive Forecast for Western Forest Products (TSE:WEF) Stock Price

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

Other research analysts have also recently issued reports about the stock. Scotiabank boosted their target price on shares of 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. Raymond James Financial boosted their target price on shares of Western Forest Products from C$12.00 to C$13.50 and gave the company a “market perform” rating in a research note on Friday, February 20th. Finally, TD Securities boosted their target price on shares of Western Forest Products from C$14.00 to C$16.00 and gave the company a “hold” rating in a research note on Thursday, February 12th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$15.70.

Western Forest Products Stock Down 0.8%

Western Forest Products stock opened at C$14.33 on Thursday. Western Forest Products has a fifty-two week low of C$10.16 and a fifty-two week high of C$17.28. The stock has a market cap of C$151.30 million, a PE ratio of -1.90, a price-to-earnings-growth ratio of 0.32 and a beta of 0.16. The firm’s 50-day simple moving average is C$14.20 and its 200 day simple moving average is C$12.83. The company has a debt-to-equity ratio of 12.40, a quick ratio of 0.73 and a current ratio of 2.85.

Western Forest Products (TSE:WEF) last released its quarterly earnings results on Tuesday, February 10th. The company reported C($1.55) earnings per share for the quarter. Western Forest Products had a negative return on equity of 15.26% and a negative net margin of 8.09%.The firm had revenue of C$201.90 million for 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.