Western Forest Products (TSE:WEF) Price Target Lowered to C$0.50 at Raymond James

Western Forest Products (TSE:WEF) had its price objective dropped by research analysts at Raymond James from C$0.60 to C$0.50 in a report issued on Thursday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 20.48% from the stock’s current price.

Separately, TD Securities dropped their price target on shares of Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a research note on Friday, November 8th.

Western Forest Products Stock Up 3.7 %

Western Forest Products stock traded up C$0.02 during trading on Thursday, reaching C$0.42. The stock had a trading volume of 9,605 shares, compared to its average volume of 248,014. The company has a quick ratio of 0.73, a current ratio of 2.97 and a debt-to-equity ratio of 18.43. Western Forest Products has a 52-week low of C$0.39 and a 52-week high of C$0.70. The stock has a market cap of C$131.45 million, a PE ratio of -2.96, a P/E/G ratio of 0.32 and a beta of 1.81. The business has a 50 day moving average price of C$0.43 and a 200 day moving average price of C$0.45.

Western Forest Products (TSE:WEF) last posted its earnings results on Wednesday, November 6th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.03). The business had revenue of C$241.70 million during the quarter, compared to analysts’ expectations of C$242.00 million. Western Forest Products had a negative net margin of 4.13% and a negative return on equity of 7.64%. On average, analysts predict that Western Forest Products will post 0.004992 EPS for the current 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.