Western Forest Products Inc. (TSE:WEF – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.41 and last traded at C$0.41, with a volume of 909888 shares traded. The stock had previously closed at C$0.41.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on WEF shares. Royal Bank of Canada decreased their price target on Western Forest Products from C$0.80 to C$0.70 in a research note on Thursday, July 11th. CIBC decreased their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a research note on Thursday, July 18th. Finally, TD Securities dropped their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Western Forest Products presently has a consensus rating of “Hold” and an average price target of C$0.65.
Get Our Latest Research Report on Western Forest Products
Western Forest Products Price Performance
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. Western Forest Products had a negative net margin of 5.96% and a negative return on equity of 9.90%. The business had revenue of C$239.50 million for the quarter, compared to the consensus estimate of C$231.00 million. On average, analysts anticipate that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal year.
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.
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