Raymond James reissued their outperform rating on shares of Western Forest Products (TSE:WEF) in a report released on Tuesday, BayStreet.CA reports. The firm currently has a C$1.50 target price on the stock.
Separately, Scotiabank cut their price objective on Western Forest Products from C$1.75 to C$1.50 in a research report on Wednesday, December 18th.
WEF opened at C$1.36 on Tuesday. Western Forest Products has a one year low of C$1.05 and a one year high of C$2.02. The stock has a market capitalization of $506.52 million and a PE ratio of -42.50. The business’s 50 day moving average price is C$1.19 and its 200 day moving average price is C$1.23. The company has a debt-to-equity ratio of 25.88, a quick ratio of 0.86 and a current ratio of 3.85.
About Western Forest Products
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 various products for outdoor living space, such as structures, decking, landscaping, and fencing; home components, including appearance, Japanese housing, and framing, as well as siding, paneling, trim, and soffits; and furniture, moldings, and decorative purpose, as well as doors, windows, and stair components.
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