Western Forest Products (TSE:WEF) Price Target Cut to C$0.50 by Analysts at Raymond James

Western Forest Products (TSE:WEF) had its price objective decreased by Raymond James from C$0.60 to C$0.50 in a research report released on Thursday morning,BayStreet.CA reports.

Separately, TD Securities reduced their price target on Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a report on Friday, November 8th.

Western Forest Products Stock Performance

TSE:WEF opened at C$0.41 on Thursday. The company has a debt-to-equity ratio of 18.43, a quick ratio of 0.73 and a current ratio of 2.97. The stock’s fifty day moving average is C$0.43 and its 200 day moving average is C$0.45. The firm has a market capitalization of C$129.87 million, a PE ratio of -2.93, a PEG ratio of 0.32 and a beta of 1.81. Western Forest Products has a fifty-two week low of C$0.39 and a fifty-two week high of C$0.70.

Western Forest Products (TSE:WEF) last released its earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.03). The firm had revenue of C$241.70 million during the quarter, compared to the consensus estimate of C$242.00 million. Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. On average, sell-side analysts anticipate that Western Forest Products will post 0.004992 earnings per share 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.