Western Forest Products Inc. (TSE:WEF – Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as C$18.13 and last traded at C$17.89, with a volume of 38887 shares changing hands. The stock had previously closed at C$16.77.
Analyst Upgrades and Downgrades
WEF has been the subject of several research reports. Royal Bank Of Canada increased their price target on shares of Western Forest Products from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Thursday, April 16th. TD increased their price target on shares of Western Forest Products from C$16.00 to C$17.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. TD Securities increased their target price on shares of Western Forest Products from C$14.00 to C$16.00 and gave the stock a “hold” rating in a research report on Thursday, February 12th. Finally, Raymond James Financial increased their target price on shares of Western Forest Products from C$12.00 to C$13.50 and gave the stock a “market perform” rating in a research report on Friday, February 20th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$15.70.
Check Out Our Latest Report on Western Forest Products
Western Forest Products Price Performance
Western Forest Products (TSE:WEF – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C($1.83) earnings per share for the quarter. Western Forest Products had a negative return on equity of 22.88% and a negative net margin of 12.23%.The business had revenue of C$201.50 million for the quarter. Sell-side analysts expect that Western Forest Products Inc. will post 0.004992 EPS for the current year.
About Western Forest Products
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. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company’s largest markets and contribute the vast majority of its total revenue.
Recommended Stories
- Five stocks we like better than Western Forest Products
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for Western Forest Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Western Forest Products and related companies with MarketBeat.com's FREE daily email newsletter.
