TD Securities Lowers Western Forest Products (TSE:WEF) Price Target to C$0.50

Western Forest Products (TSE:WEF - Get Free Report) had its target price lowered by equities research analysts at TD Securities from C$0.55 to C$0.50 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' price objective suggests a potential upside of 8.70% from the stock's previous close.

WEF has been the topic of several other research reports. CIBC lowered their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, July 18th. Royal Bank of Canada dropped their price target on shares of Western Forest Products from C$0.80 to C$0.70 in a research report on Thursday, July 11th.

Western Forest Products Price Performance

WEF stock remained flat at C$0.46 on Friday. 311,600 shares of the company were exchanged, compared to its average volume of 371,271. The stock has a market capitalization of C$145.71 million, a price-to-earnings ratio of -3.29, a PEG ratio of 0.32 and a beta of 1.81. Western Forest Products has a fifty-two week low of C$0.41 and a fifty-two week high of C$0.77. The company has a 50 day simple moving average of C$0.49 and a two-hundred day simple moving average of C$0.48. The company has a quick ratio of 0.73, a current ratio of 2.97 and a debt-to-equity ratio of 18.43.

Western Forest Products (TSE:WEF - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C($0.06) EPS for the quarter, missing analysts' consensus estimates of C($0.03) by C($0.03). The firm had revenue of C$241.70 million during the quarter, compared to the consensus estimate of C$242.00 million. Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. As a group, research analysts expect that Western Forest Products will post 0.004992 EPS 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.