Western Forest Products Inc. (TSE:WEF – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.41 and last traded at C$0.42, with a volume of 405076 shares changing hands. The stock had previously closed at C$0.41.
Analyst Upgrades and Downgrades
Several analysts have issued reports on WEF shares. TD Securities lowered their price objective on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Tuesday, July 23rd. CIBC decreased their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th. Finally, Royal Bank of Canada decreased their price target on shares of Western Forest Products from C$0.80 to C$0.70 in a research report on Thursday, July 11th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$0.65.
Check Out Our Latest Analysis on Western Forest Products
Western Forest Products Price Performance
Western Forest Products (TSE:WEF – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. Western Forest Products had a negative return on equity of 9.90% and a negative net margin of 5.96%. The firm had revenue of C$239.50 million for the quarter, compared to the consensus estimate of C$231.00 million. Sell-side analysts predict that Western Forest Products Inc. will post 0.004992 EPS for the current year.
About Western Forest Products
Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.
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