TD Securities Lowers Western Forest Products (TSE:WEF) Price Target to C$0.45

Western Forest Products (TSE:WEF) had its price target lowered by research analysts at TD Securities from C$0.55 to C$0.45 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 18.42% from the company’s previous close.

Separately, Raymond James cut their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a research note on Thursday, January 30th.

Western Forest Products Stock Performance

Shares of TSE:WEF remained flat at C$0.38 during trading on Thursday. 146,859 shares of the stock traded hands, compared to its average volume of 291,746. The company’s fifty day moving average is C$0.43 and its 200-day moving average is C$0.44. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04. The company has a market capitalization of C$120.36 million, a price-to-earnings ratio of -2.75, a P/E/G ratio of 0.32 and a beta of 1.81. Western Forest Products has a 12 month low of C$0.37 and a 12 month high of C$0.58.

Western Forest Products Company Profile

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.