Western Forest Products (WEF) Price Target Cut to C$2.30
Western Forest Products (TSE:WEF) had its price target lowered by investment analysts at Raymond James from C$2.40 to C$2.30 in a research report issued to clients and investors on Monday, AnalystRatings.com reports. The firm presently has a “buy” rating on the stock. Raymond James’ price target would indicate a potential upside of 27.07% from the stock’s current price. Raymond James also issued estimates for Western Forest Products’ Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.07 EPS and FY2019 earnings at $0.19 EPS.
A number of other brokerages have also recently commented on WEF. CIBC dropped their target price on shares of Western Forest Products from C$2.25 to C$2.00 in a report on Friday, February 15th. Royal Bank of Canada dropped their target price on shares of Western Forest Products from C$2.75 to C$2.50 in a report on Tuesday, January 8th. Finally, TD Securities cut shares of Western Forest Products from a “buy” rating to a “hold” rating and dropped their target price for the company from C$2.25 to C$2.00 in a report on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Western Forest Products currently has an average rating of “Hold” and an average target price of C$2.31.
Shares of WEF stock opened at C$1.81 on Monday. Western Forest Products has a 12 month low of C$1.72 and a 12 month high of C$2.95. The firm has a market cap of $699.01 million and a PE ratio of 10.28. The company has a current ratio of 2.09, a quick ratio of 0.70 and a debt-to-equity ratio of 1.05.
Western Forest Products Company Profile
Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers various products for outdoor living space, such as structures, decking, landscaping, and fencing; home components, including appearance, Japanese housing, and framing, as well as siding, paneling, trim, and soffits; and furniture, moldings, and decorative purpose, as well as doors, windows, and stair components.
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