Western Forest Products Inc. (TSE:WEF – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.53 and last traded at C$0.53, with a volume of 87685 shares changing hands. The stock had previously closed at C$0.55.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. TD Securities cut their price target on Western Forest Products from C$0.75 to C$0.65 and set a “hold” rating for the company in a report on Tuesday, April 16th. CIBC dropped their price objective on Western Forest Products from C$0.75 to C$0.65 and set a “neutral” rating for the company in a report on Thursday, February 15th. Finally, Scotiabank set a C$0.80 price objective on Western Forest Products and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$0.73.
View Our Latest Stock Report on Western Forest Products
Western Forest Products Price Performance
Western Forest Products (TSE:WEF – Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported C($0.04) EPS for the quarter, beating the consensus estimate of C($0.05) by C$0.01. The firm had revenue of C$246.60 million for the quarter. Western Forest Products had a negative return on equity of 11.50% and a negative net margin of 6.73%. Sell-side analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal year.
Insider Buying and Selling at Western Forest Products
In related news, Senior Officer Joseph Steven Hofer acquired 100,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of C$0.63 per share, for a total transaction of C$63,000.00. Company insiders own 0.67% of the company’s stock.
Western Forest Products Company Profile
Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.
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