Western Forest Products Inc. (TSE:WEF – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.45 and traded as high as C$0.45. Western Forest Products shares last traded at C$0.44, with a volume of 245,369 shares trading hands.
Wall Street Analysts Forecast Growth
WEF has been the subject of several analyst reports. Raymond James reduced their price objective on Western Forest Products from C$0.60 to C$0.50 in a research note on Thursday, January 30th. TD Securities upped their price objective on Western Forest Products from C$0.50 to C$0.55 and gave the stock a “hold” rating in a research note on Tuesday, February 18th.
Get Our Latest Report on Western Forest Products
Western Forest Products Trading Down 1.1 %
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.
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