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 sent to investors on Tuesday morning,BayStreet.CA reports.

Separately, TD Securities lowered their price objective on shares of Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating for the company in a research report on Friday, November 8th.

Western Forest Products Stock Down 3.4 %

Shares of Western Forest Products stock opened at C$0.42 on Tuesday. Western Forest Products has a twelve month low of C$0.39 and a twelve month high of C$0.72. The stock has a market cap of C$133.04 million, a price-to-earnings ratio of -3.00, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company has a current ratio of 2.97, a quick ratio of 0.73 and a debt-to-equity ratio of 18.43. The company has a fifty day moving average price of C$0.43 and a 200 day moving average price of C$0.45.

Western Forest Products (TSE:WEF) last issued its earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C($0.03) by C($0.03). Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. The company had revenue of C$241.70 million during the quarter, compared to analysts’ expectations of C$242.00 million. Equities research analysts forecast that Western Forest Products will post 0.004992 earnings per share for the current fiscal year.

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.