Royal Bank of Canada Cuts Western Forest Products (TSE:WEF) Price Target to C$0.50

Western Forest Products (TSE:WEF - Get Free Report) had its price objective cut by analysts at Royal Bank of Canada from C$0.70 to C$0.50 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. Royal Bank of Canada's price target indicates a potential upside of 36.05% from the company's previous close.

A number of other equities analysts have also recently issued reports on WEF. Raymond James lowered their target price on Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, January 30th. TD Securities decreased their price objective on Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating for the company in a report on Thursday, April 17th.

Western Forest Products Stock Down 0.7 %

TSE WEF traded down C$0.00 during trading hours on Tuesday, reaching C$0.37. 1,054,564 shares of the company's stock were exchanged, compared to its average volume of 306,604. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04. The company has a market capitalization of C$116.40 million, a price-to-earnings ratio of -2.66, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company's 50-day moving average is C$0.42 and its two-hundred day moving average is C$0.44. Western Forest Products has a one year low of C$0.36 and a one year high of C$0.58.

Western Forest Products Company Profile

Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.