Western Forest Products (TSE:WEF) Price Target Raised to C$0.55 at TD Securities

Western Forest Products (TSE:WEF) had its price objective raised by analysts at TD Securities from C$0.50 to C$0.55 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 17.02% from the company’s previous close.

Separately, Raymond James dropped their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, January 30th.

Western Forest Products Price Performance

Shares of Western Forest Products stock remained flat at C$0.47 during trading on Tuesday. 130,788 shares of the company were exchanged, compared to its average volume of 296,128. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. Western Forest Products has a 52 week low of C$0.37 and a 52 week high of C$0.67. The company has a fifty day moving average price of C$0.42 and a 200 day moving average price of C$0.45. The company has a market cap of C$148.87 million, a price-to-earnings ratio of -3.41, a PEG ratio of 0.32 and a beta of 1.81.

About Western Forest Products

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.