Raymond James Financial Boosts Western Forest Products (TSE:WEF) Price Target to C$3.40

Western Forest Products (TSE:WEF) had its price objective raised by Raymond James Financial from C$3.35 to C$3.40 in a research report report published on Tuesday, April 10th.

Other research analysts have also issued reports about the company. TD Securities raised their price target on Western Forest Products from C$3.25 to C$3.50 and gave the company a buy rating in a research note on Tuesday, February 20th. Scotiabank lifted their target price on Western Forest Products from C$2.90 to C$3.00 and gave the stock an outperform rating in a research report on Friday, February 16th. CIBC upgraded Western Forest Products from a neutral rating to an outperform rating and lifted their target price for the stock from C$3.00 to C$3.25 in a research report on Friday, January 12th. Finally, Royal Bank of Canada upgraded Western Forest Products from a sector perform rating to an outperform rating and set a C$3.00 target price on the stock in a research report on Monday, April 2nd. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of C$3.23.

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Shares of TSE:WEF traded up C$0.05 during midday trading on Tuesday, hitting C$2.78. The company had a trading volume of 330,168 shares, compared to its average volume of 654,651. Western Forest Products has a twelve month low of C$2.04 and a twelve month high of C$2.90.

Western Forest Products (TSE:WEF) last released its quarterly earnings results on Thursday, February 15th. The company reported C$0.05 EPS for the quarter. The business had revenue of C$283.10 million during the quarter. Western Forest Products had a return on equity of 13.63% and a net margin of 6.71%.

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Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers lumber and logs from various tree species, such as western red cedar, hem-fir, Douglas fir, yellow cedar, and Sitka spruce.

Analyst Recommendations for Western Forest Products (TSE:WEF)

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