Western Forest Products (TSE:WEF – Get Free Report) had its target price dropped by investment analysts at TD Securities from C$0.60 to C$0.50 in a research note issued on Tuesday, BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 14.94% from the company’s previous close.
A number of other research analysts also recently weighed in on the company. Royal Bank of Canada reduced their target price on Western Forest Products from C$0.80 to C$0.70 in a report on Thursday, July 11th. CIBC reduced their price target on Western Forest Products from C$0.60 to C$0.50 in a research note on Thursday, July 18th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$0.65.
Check Out Our Latest Report on WEF
Western Forest Products Trading Down 1.7 %
Western Forest Products (TSE:WEF – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C($0.02) EPS for the quarter. The company had revenue of C$239.50 million during the quarter, compared to the consensus estimate of C$231.00 million. Western Forest Products had a negative return on equity of 9.90% and a negative net margin of 5.96%. As a group, research analysts forecast that Western Forest Products 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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