Western Forest Products (TSE:WEF) is scheduled to post its quarterly earnings results after the market closes on Thursday, February 15th.
Western Forest Products (TSE:WEF) opened at C$2.71 on Thursday. Western Forest Products has a fifty-two week low of C$1.96 and a fifty-two week high of C$2.90. The company has a market cap of $1,070.00, a P/E ratio of 11.78 and a beta of 0.80.
A number of research analysts recently issued reports on the stock. Raymond James Financial raised shares of Western Forest Products from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, January 30th. CIBC raised shares of Western Forest Products from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$3.00 to C$3.25 in a research note on Friday, January 12th. Finally, Scotiabank lifted their price objective on shares of Western Forest Products from C$2.85 to C$2.90 and gave the company an “outperform” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Western Forest Products presently has an average rating of “Buy” and a consensus price target of C$2.98.
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Western Forest Products Inc operates as an integrated softwood forest products company. The companys activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. It offers products of various tree species, such as western red cedar, hem-fir, douglas fir, yellow cedar, and sitka spruce.
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