Western Forest Products (TSE:WEF) Price Target Raised to C$0.55

Western Forest Products (TSE:WEF) had its target price boosted by TD Securities from C$0.50 to C$0.55 in a research report released on Tuesday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

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

Western Forest Products Price Performance

Shares of TSE:WEF opened at C$0.48 on Tuesday. Western Forest Products has a fifty-two week low of C$0.37 and a fifty-two week high of C$0.67. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. The firm’s 50-day simple moving average is C$0.42 and its 200-day simple moving average is C$0.45. The company has a market cap of C$152.04 million, a price-to-earnings ratio of -3.48, a PEG ratio of 0.32 and a beta of 1.81.

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.