Western Forest Products Inc (TSE:WEF) had its target price cut by CIBC from C$2.50 to C$2.25 in a research note published on Tuesday morning.

Several other equities analysts also recently weighed in on WEF. Scotiabank reaffirmed an outperform rating and issued a C$2.50 price objective on shares of Western Forest Products in a research note on Thursday, August 4th. TD Securities reissued a buy rating and set a C$2.50 price target on shares of Western Forest Products in a research report on Friday, August 5th. Royal Bank Of Canada dropped their price target on Western Forest Products from C$2.75 to C$2.50 and set an outperform rating for the company in a research report on Monday. Finally, RBC Capital Markets dropped their price target on Western Forest Products from C$2.75 to C$2.50 and set an outperform rating for the company in a research report on Monday. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$2.47.

Analyst Recommendations for Western Forest Products (TSE:WEF)

Shares of Western Forest Products (TSE:WEF) opened at 1.85 on Tuesday. Western Forest Products has a 12-month low of $1.77 and a 12-month high of $2.40. The company has a 50 day moving average price of $2.05 and a 200 day moving average price of $2.12. The stock has a market cap of $731.58 million and a P/E ratio of 11.56.

Western Forest Products Company Profile

Western Forest Products Inc (WFP) is a Canada-based softwood forest products company, operating in the coastal region of British Columbia. The Company’s primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber, wood chips and lumber remanufacturing. WFP’s lumber products are currently sold in over 25 countries worldwide.

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