Western Forest Products (TSE:WEF) Stock Price Expected to Rise, TD Securities Analyst Says

Western Forest Products (TSE:WEF) had its price objective lifted by research analysts at TD Securities from C$14.00 to C$16.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 13.07% from the stock’s current price.

WEF has been the topic of a number of other research reports. Scotiabank upped their price target on Western Forest Products from C$12.50 to C$18.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Raymond James Financial raised their price objective on Western Forest Products from C$10.00 to C$12.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$15.25.

Western Forest Products Trading Down 2.1%

Shares of Western Forest Products stock opened at C$14.15 on Thursday. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. Western Forest Products has a 12-month low of C$10.16 and a 12-month high of C$17.28. The company has a market capitalization of C$149.40 million, a price-to-earnings ratio of -1.87, a PEG ratio of 0.32 and a beta of 1.02. The firm’s 50-day moving average price is C$12.94 and its two-hundred day moving average price is C$12.42.

Western Forest Products (TSE:WEF) last issued its earnings results on Tuesday, February 10th. The company reported C($1.55) earnings per share for the quarter. Western Forest Products had a negative net margin of 4.21% and a negative return on equity of 7.69%. The business had revenue of C$201.90 million during the quarter. On average, analysts forecast that Western Forest Products will post 0.004992 earnings per share for the current fiscal year.

Western Forest Products Company Profile

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. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company’s largest markets and contribute the vast majority of its total revenue.