Shares of Western Forest Products Inc. (TSE:WEF - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.45 and traded as low as C$0.39. Western Forest Products shares last traded at C$0.39, with a volume of 88,520 shares traded.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. TD Securities cut their target price on Western Forest Products from C$0.55 to C$0.50 and set a "hold" rating on the stock in a research report on Friday, November 8th. Raymond James lowered their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, January 30th.
Read Our Latest Stock Report on WEF
Western Forest Products Stock Up 10.6 %
The firm's 50-day moving average price is C$0.41 and its two-hundred day moving average price is C$0.45. 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 firm has a market cap of C$148.87 million, a PE ratio of -3.41, a P/E/G ratio of 0.32 and a beta of 1.81.
Western Forest Products Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Western Forest Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western Forest Products wasn't on the list.
While Western Forest Products currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
