Western Forest Products Inc (TSE:WEF) has earned a consensus rating of “Buy” from the seven research firms that are presently covering the company. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$2.47.

Several equities analysts have issued reports on WEF shares. Scotiabank reiterated an “outperform” rating and issued a C$2.50 target price on shares of Western Forest Products in a research note on Thursday, August 4th. TD Securities reiterated a “buy” rating and issued a C$2.50 target price on shares of Western Forest Products in a research note on Friday, August 5th. CIBC lowered Western Forest Products from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 12th. Royal Bank Of Canada cut their target price on Western Forest Products from C$2.75 to C$2.50 and set an “outperform” rating on the stock in a research note on Monday, November 7th. Finally, RBC Capital Markets cut their target price on Western Forest Products from C$2.75 to C$2.50 and set an “outperform” rating on the stock in a research note on Monday, November 7th.

Western Forest Products (TSE:WEF) opened at 1.86 on Thursday. The stock has a 50 day moving average of $1.99 and a 200 day moving average of $2.10. Western Forest Products has a 52 week low of $1.77 and a 52 week high of $2.40. The company has a market cap of $735.53 million and a PE ratio of 10.94.

About Western Forest Products

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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