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.
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.
Recommended Story: Understanding Average Daily Trade Volume
Receive News & Ratings for Western Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.