Western Forest Products (TSE:WEF) Given New C$0.65 Price Target at TD Securities

Western Forest Products (TSE:WEF) had its price objective cut by TD Securities from C$0.75 to C$0.65 in a report published on Tuesday, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other analysts have also weighed in on WEF. CIBC dropped their price objective on shares of Western Forest Products from C$0.75 to C$0.65 and set a neutral rating for the company in a report on Thursday, February 15th. Scotiabank set a C$0.80 price target on Western Forest Products and gave the company a sector perform rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada reduced their price objective on Western Forest Products from C$1.00 to C$0.80 and set a sector perform rating on the stock in a research note on Tuesday, December 19th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of C$0.73.

Western Forest Products Stock Performance

Western Forest Products stock opened at C$0.58 on Tuesday. The firm has a market capitalization of C$183.72 million, a P/E ratio of -2.64, a P/E/G ratio of 0.32 and a beta of 1.93. The stock has a fifty day moving average price of C$0.61 and a two-hundred day moving average price of C$0.68. Western Forest Products has a 52-week low of C$0.55 and a 52-week high of C$1.14. The company has a debt-to-equity ratio of 18.42, a current ratio of 2.77 and a quick ratio of 0.73.

Western Forest Products (TSE:WEF) last posted its earnings results on Tuesday, February 13th. The company reported C($0.04) earnings per share for the quarter, topping the consensus estimate of C($0.05) by C$0.01. Western Forest Products had a negative net margin of 6.73% and a negative return on equity of 11.50%. The business had revenue of C$246.60 million for the quarter. As a group, analysts anticipate that Western Forest Products will post 0.004992 EPS for the current fiscal year.

Insider Activity at Western Forest Products

In other news, Senior Officer Joseph Steven Hofer acquired 100,000 shares of Western Forest Products stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of C$0.63 per share, with a total value of C$63,000.00. 0.51% of the stock is currently owned by company insiders.

Western Forest Products Company Profile

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.