Western Forest Products (TSE:WEF) Price Target Raised to C$14.00

Western Forest Products (TSE:WEF) had its price objective increased by Royal Bank Of Canada from C$13.00 to C$14.00 in a research report released on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other equities analysts have also recently issued reports about the stock. TD Securities upped their price target on shares of Western Forest Products from C$14.00 to C$16.00 and gave the company a “hold” rating in a research report on Thursday, February 12th. Scotiabank upped their price target 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 report on Monday, January 26th. TD upped their price target on shares of Western Forest Products from C$16.00 to C$17.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Raymond James Financial upped their price target 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 report on Friday, February 20th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$15.70.

Western Forest Products Price Performance

Shares of TSE:WEF opened at C$14.76 on Thursday. The company has a market cap of C$155.84 million, a price-to-earnings ratio of -1.95, a PEG ratio of 0.32 and a beta of 0.16. The company has a debt-to-equity ratio of 12.40, a current ratio of 2.85 and a quick ratio of 0.73. The firm has a 50 day simple moving average of C$14.17 and a 200 day simple moving average of C$12.85. Western Forest Products has a one year low of C$10.16 and a one year 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) EPS for the quarter. Western Forest Products had a negative net margin of 8.09% and a negative return on equity of 15.26%. The company had revenue of C$201.90 million during the quarter. Research analysts predict that Western Forest Products will post 0.004992 earnings per share for the current fiscal year.

About Western Forest Products

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.