Western Forest Products (TSE:WEF) Given New C$17.00 Price Target at TD

Western Forest Products (TSE:WEF) had its price objective decreased by equities researchers at TD from C$20.00 to C$17.00 in a report issued on Wednesday, BayStreet reports. The firm presently has a “hold” rating on the stock. TD’s target price would indicate a potential upside of 20.23% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada increased their price objective on shares of Western Forest Products from C$16.00 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Raymond James Financial boosted their target price on shares of Western Forest Products from C$12.50 to C$20.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Five analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$17.80.

Western Forest Products Price Performance

Shares of TSE:WEF traded down C$0.54 during midday trading on Wednesday, reaching C$14.14. 38,854 shares of the company’s stock traded hands, compared to its average volume of 39,080. Western Forest Products has a 1 year low of C$10.16 and a 1 year high of C$19.95. The company has a market cap of C$149.29 million, a P/E ratio of -1.77, a PEG ratio of 0.32 and a beta of -0.06. The company has a debt-to-equity ratio of 12.63, a quick ratio of 0.73 and a current ratio of 2.44. The company has a fifty day simple moving average of C$17.82 and a two-hundred day simple moving average of C$16.71.

Western Forest Products (TSE:WEF) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$1.10 EPS for the quarter. The company had revenue of C$239.60 million during the quarter. Western Forest Products had a negative net margin of 9.64% and a negative return on equity of 17.78%. Equities analysts predict that Western Forest Products will post 0.00 EPS for the current fiscal year.

Western Forest Products Company Profile

Western is an integrated forest products company building a margin-focused log and lumber business to compete successfully in global softwood markets. With operations and employees located primarily on the coast of British Columbia and Washington State, Western is a premier supplier of high-value, specialty forest products to worldwide markets. Western has a lumber capacity of 785 million board feet from five sawmills, as well as operates four remanufacturing facilities and two glulam manufacturing facilities.