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Scotiabank raised their price target on shares of Western Forest Products (TSE:WEF) from C$2.40 to C$2.60 in a research note issued on Friday, ARN reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential downside of 0.38% from the company’s current price.

WEF has been the subject of a number of other recent research reports. Analysts at CIBC raised their price target on shares of Western Forest Products from C$2.30 to C$2.70 in a research note on Tuesday, February 4th. They now have an “outperform” rating on the stock. Analysts at TD Securities raised their price target on shares of Western Forest Products from C$2.25 to C$2.75 in a research note on Monday, February 3rd. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of C$2.18.

Western Forest Products (TSE:WEF) traded up 1.92% during mid-day trading on Friday, hitting $2.66. The stock had a trading volume of 1,238,529 shares. Western Forest Products has a 52 week low of $1.21 and a 52 week high of $2.65. The stock has a 50-day moving average of $2.2 and a 200-day moving average of $1.74. The company has a market cap of $1.040 billion and a price-to-earnings ratio of 13.05.

Western Forest Products Inc (TSE:WEF) is an integrated softwood forest products company.

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