Western Forest Products (TSE:WEF) Given New C$0.50 Price Target at TD Securities

Posted by Trevor Kearing on Jul 26th, 2024

Western Forest Products (TSE:WEF – Free Report) had its price target trimmed by TD Securities from C$0.60 to C$0.50 in a report released on Tuesday, BayStreet.CA reports.

Several other equities analysts have also recently issued reports on WEF. Royal Bank of Canada dropped their price objective on shares of Western Forest Products from C$0.80 to C$0.70 in a research note on Thursday, July 11th. CIBC decreased their price objective on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of C$0.65.

View Our Latest Analysis on Western Forest Products

Western Forest Products Stock Performance

TSE:WEF opened at C$0.42 on Tuesday. The company has a market capitalization of C$133.04 million, a PE ratio of -2.21, a P/E/G ratio of 0.32 and a beta of 1.94. Western Forest Products has a 52-week low of C$0.42 and a 52-week high of C$1.06. The stock’s 50 day moving average price is C$0.47 and its 200 day moving average price is C$0.56. The company has a quick ratio of 0.73, a current ratio of 3.14 and a debt-to-equity ratio of 17.90.

Western Forest Products (TSE:WEF – Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported C($0.02) EPS for the quarter. The business had revenue of C$239.50 million during the quarter, compared to analyst estimates of C$231.00 million. Western Forest Products had a negative net margin of 5.96% and a negative return on equity of 9.90%. On average, research analysts anticipate that Western Forest Products will post 0.004992 EPS for the current year.

Western Forest Products Company Profile

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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.