Western Forest Products Inc. (OTCMKTS:WFSTF – Get Free Report)’s share price rose 3.7% on Wednesday . The company traded as high as $10.03 and last traded at $10.03. Approximately 2,968 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 7,047 shares. The stock had previously closed at $9.6760.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on WFSTF. Raymond James Financial restated a “market perform” rating on shares of Western Forest Products in a research note on Thursday, April 23rd. Scotiabank restated a “sector perform” rating on shares of Western Forest Products in a research note on Monday, January 26th. Finally, TD Securities restated a “hold” rating on shares of Western Forest Products in a research note on Thursday, February 12th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Western Forest Products currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on WFSTF
Western Forest Products Stock Up 3.7%
Western Forest Products Company Profile
Western Forest Products is a Canadian integrated forest products company headquartered in Vancouver, British Columbia. The company specializes in the harvesting, manufacturing and distribution of lumber and other wood products, operating a network of sawmills, remanufacturing facilities and log sort yards on both the British Columbia coast and Vancouver Island. Western Forest manages a diversified fibre portfolio that supports core lumber production as well as specialty lines.
The company’s product suite includes dimensional lumber, engineered wood products such as laminated veneer lumber (LVL), and value-added remanufactured items including mouldings and custom profiles.
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