Western Forest Products (WEF) PT Lowered to C$2.30

Western Forest Products (TSE:WEF) had its target price cut by Raymond James from C$2.40 to C$2.30 in a report published on Monday morning, AnalystRatings.com reports. They currently have a buy rating on the stock. Raymond James also issued estimates for Western Forest Products’ Q1 2019 earnings at $0.01 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.07 EPS and FY2019 earnings at $0.19 EPS.

WEF has been the topic of several other reports. Royal Bank of Canada dropped their target price on Western Forest Products from C$2.75 to C$2.50 in a research note on Tuesday, January 8th. CIBC dropped their target price on Western Forest Products from C$2.25 to C$2.00 in a research note on Friday, February 15th. Finally, TD Securities dropped their target price on Western Forest Products from C$2.50 to C$2.25 and set a buy rating on the stock in a research note on Thursday, February 14th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$2.31.

WEF opened at C$1.84 on Monday. The firm has a market capitalization of $699.01 million and a PE ratio of 10.45. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.09 and a quick ratio of 0.70. Western Forest Products has a 12 month low of C$1.72 and a 12 month high of C$2.95.

Western Forest Products (TSE:WEF) last released its quarterly earnings results on Tuesday, February 12th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$284.80 million during the quarter. Research analysts expect that Western Forest Products will post 0.2 earnings per share for the current year.

About Western Forest Products

Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers various products for outdoor living space, such as structures, decking, landscaping, and fencing; home components, including appearance, Japanese housing, and framing, as well as siding, paneling, trim, and soffits; and furniture, moldings, and decorative purpose, as well as doors, windows, and stair components.

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Analyst Recommendations for Western Forest Products (TSE:WEF)

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