Raymond James Financial, Inc. Increases Western Forest Products Inc (WEF) Price Target to C$3.50
Western Forest Products Inc (TSE:WEF) had its price target increased by stock analysts at Raymond James Financial, Inc. from C$3.25 to C$3.50 in a research note issued on Friday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price would indicate a potential upside of 30.11% from the company’s previous close.
WEF has been the topic of several other research reports. CIBC lowered shares of Western Forest Products from an “outperform” rating to a “neutral” rating in a research note on Monday, September 25th. TD Securities boosted their price objective on shares of Western Forest Products from C$2.75 to C$3.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Scotiabank boosted their price objective on shares of Western Forest Products from C$2.45 to C$2.55 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$2.88.
Shares of Western Forest Products (WEF) traded down C$2.62 during midday trading on Friday, hitting C$2.62. The stock had a trading volume of 1,982,693 shares,
Western Forest Products Company Profile
Western Forest Products Inc is a softwood forest products company, operating in the coastal region of British Columbia. The Company’s primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber remanufacturing. The Company’s log and lumber products are sold throughout the world.
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