Western Forest Products (TSE:WEF) Price Target Raised to C$16.00 at TD Securities

Western Forest Products (TSE:WEF) had its price objective lifted by analysts at TD Securities from C$14.00 to C$16.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 9.89% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. 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 report on Monday, January 26th. Raymond James Financial increased their target price on shares of Western Forest Products from C$10.00 to C$12.00 and gave the stock a “market perform” rating in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$15.25.

Western Forest Products Trading Down 3.8%

TSE:WEF traded down C$0.58 during trading hours on Thursday, reaching C$14.56. The company’s stock had a trading volume of 60,937 shares, compared to its average volume of 46,827. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04. The firm has a market capitalization of C$153.72 million, a price-to-earnings ratio of -2.36, a PEG ratio of 0.32 and a beta of 1.02. The firm has a 50-day simple moving average of C$12.84 and a 200-day simple moving average of C$12.40. Western Forest Products has a 1 year low of C$10.16 and a 1 year high of C$17.28.

Western Forest Products (TSE:WEF) last announced its quarterly earnings data on Tuesday, February 10th. The company reported C($1.55) earnings per share (EPS) for the quarter. Western Forest Products had a negative net margin of 4.21% and a negative return on equity of 7.69%. The company had revenue of C$201.90 million for the quarter. Research analysts expect 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.