Western Forest Products (WEF) PT Lowered to C$2.25 at CIBC

Western Forest Products (TSE:WEF) had its target price decreased by CIBC from C$2.50 to C$2.25 in a report published on Monday morning.

Other equities analysts also recently issued reports about the company. Raymond James reduced their price target on Western Forest Products from C$1.60 to C$1.00 in a report on Monday. TD Securities reduced their price target on Western Forest Products from C$3.50 to C$3.25 and set a buy rating for the company in a report on Tuesday, August 7th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of C$2.60.

Shares of TSE:WEF opened at C$1.83 on Monday. Western Forest Products has a 1-year low of C$1.79 and a 1-year high of C$2.95.

Western Forest Products (TSE:WEF) last issued its quarterly earnings results on Thursday, August 2nd. The company reported C$0.07 earnings per share for the quarter. Western Forest Products had a return on equity of 13.63% and a net margin of 6.71%. The firm had revenue of C$327.80 million during the quarter.

Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers lumber and logs from various tree species, such as western red cedar, hem-fir, Douglas fir, yellow cedar, and Sitka spruce.

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Analyst Recommendations for Western Forest Products (TSE:WEF)

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