Western Forest Products (WEF) PT Lowered to C$1.00
Western Forest Products (TSE:WEF) had its price objective cut by research analysts at Raymond James from C$1.60 to C$1.00 in a research report issued on Monday. Raymond James’ target price points to a potential downside of 47.09% from the stock’s previous close.
Other research analysts have also issued reports about the company. CIBC dropped their price objective on Western Forest Products from C$3.25 to C$3.00 in a research note on Wednesday, August 8th. TD Securities decreased their target price on Western Forest Products from C$3.50 to C$3.25 and set a “buy” rating on the stock in a report on Tuesday, August 7th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$2.60.
Western Forest Products stock opened at C$1.89 on Monday. Western Forest Products has a 52-week low of C$1.79 and a 52-week high of C$2.95.
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.
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