Western Forest Products Inc (TSE:WEF) had its target price boosted by Scotiabank from C$2.85 to C$2.90 in a research report sent to investors on Friday morning. The firm currently has an outperform rating on the stock.

WEF has been the subject of a number of other reports. CIBC downgraded Western Forest Products from an outperform rating to a neutral rating in a research report on Monday, September 25th. TD Securities increased their target price on Western Forest Products from C$2.75 to C$3.00 and gave the company a buy rating in a research report on Friday, August 4th. Finally, Raymond James Financial, Inc. increased their target price on Western Forest Products from C$2.75 to C$3.10 and gave the company a strong-buy rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of C$2.88.

Western Forest Products (TSE WEF) opened at C$2.58 on Friday. Western Forest Products has a 52-week low of C$1.79 and a 52-week high of C$2.84.

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About Western Forest Products

Western Forest Products Inc is a softwood forest products company, operating in the coastal region of British Columbia. The Company’s primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber remanufacturing. The Company’s log and lumber products are sold throughout the world.

Analyst Recommendations for Western Forest Products (TSE:WEF)

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