Western Forest Products (TSE:WEF) Given New C$14.00 Price Target at Royal Bank Of Canada

Western Forest Products (TSE:WEF) had its price target lifted by Royal Bank Of Canada from C$13.00 to C$14.00 in a research note released on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other brokerages have also recently weighed in 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 report on Monday, January 26th. TD Securities boosted their price target on shares of Western Forest Products from C$14.00 to C$16.00 and gave the stock a “hold” rating in a research report on Thursday, February 12th. TD boosted their price target on shares of Western Forest Products from C$16.00 to C$17.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Raymond James Financial boosted their price target on shares of Western Forest Products from C$12.00 to C$13.50 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$15.70.

Western Forest Products Trading Down 0.8%

Shares of WEF opened at C$14.33 on Thursday. The company’s fifty day moving average is C$14.20 and its 200 day moving average is C$12.83. 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 capitalization of C$151.30 million, a PE ratio of -1.90, a P/E/G ratio of 0.32 and a beta of 0.16. 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 announced 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 business had revenue of C$201.90 million during the quarter. Sell-side analysts expect that Western Forest Products will post 0.004992 earnings per share 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.