Raymond James Cuts Western Forest Products (TSE:WEF) Price Target to C$0.40

Western Forest Products (TSE:WEF) had its price target cut by Raymond James from C$0.50 to C$0.40 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Other research analysts also recently issued research reports about the stock. TD Securities decreased their price target on shares of Western Forest Products from C$0.55 to C$0.45 and set a “hold” rating for the company in a research note on Thursday, April 17th. Royal Bank of Canada lowered their target price on shares of Western Forest Products from C$0.70 to C$0.50 and set a “sector perform” rating for the company in a research note on Tuesday, April 22nd.

Western Forest Products Trading Up 4.0 %

TSE:WEF opened at C$0.39 on Wednesday. Western Forest Products has a 12-month low of C$0.36 and a 12-month high of C$0.58. The firm has a market cap of C$123.53 million, a PE ratio of -2.83, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a current ratio of 3.04, a quick ratio of 0.73 and a debt-to-equity ratio of 19.61. The stock has a fifty day moving average price of C$0.41 and a 200 day moving average price of C$0.43.

About Western Forest Products

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.