TD Securities Raises Western Forest Products (TSE:WEF) Price Target to C$0.55

Western Forest Products (TSE:WEF - Free Report) had its price target increased by TD Securities from C$0.50 to C$0.55 in a report published on Tuesday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Separately, Raymond James dropped their price objective on shares of Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, January 30th.

Western Forest Products Price Performance

WEF stock traded down C$0.03 during midday trading on Tuesday, reaching C$0.46. 193,408 shares of the stock were exchanged, compared to its average volume of 284,715. The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73. The stock has a market capitalization of C$144.12 million, a PE ratio of -3.30, a P/E/G ratio of 0.32 and a beta of 1.81. Western Forest Products has a 52 week low of C$0.37 and a 52 week high of C$0.67. The company has a fifty day moving average price of C$0.42 and a 200 day moving average price of C$0.45.

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.