Western Forest Products (OTCMKTS:WFSTF) Stock Price Up 1.6% – Still a Buy?

Western Forest Products Inc. (OTCMKTS:WFSTFGet Free Report) shares were up 1.6% during trading on Wednesday . The company traded as high as $12.45 and last traded at $12.45. Approximately 288 shares were traded during mid-day trading, a decline of 96% from the average session volume of 7,273 shares. The stock had previously closed at $12.2480.

Analysts Set New Price Targets

Separately, Raymond James Financial reaffirmed a “market perform” rating on shares of Western Forest Products in a report on Thursday, April 23rd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on WFSTF

Western Forest Products Trading Up 1.6%

The firm’s 50 day moving average price is $11.98 and its two-hundred day moving average price is $10.92.

About Western Forest Products

(Get Free Report)

Western Forest Products is a Canadian integrated forest products company headquartered in Vancouver, British Columbia. The company specializes in the harvesting, manufacturing and distribution of lumber and other wood products, operating a network of sawmills, remanufacturing facilities and log sort yards on both the British Columbia coast and Vancouver Island. Western Forest manages a diversified fibre portfolio that supports core lumber production as well as specialty lines.

The company’s product suite includes dimensional lumber, engineered wood products such as laminated veneer lumber (LVL), and value-added remanufactured items including mouldings and custom profiles.

Further Reading

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