TD Securities Boosts Western Forest Products (TSE:WEF) Price Target to C$0.55

Western Forest Products (TSE:WEF) had its price objective upped by research analysts at TD Securities from C$0.50 to C$0.55 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price target would indicate a potential upside of 14.58% from the stock’s previous close.

Separately, Raymond James dropped their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, January 30th.

Western Forest Products Trading Up 3.2 %

TSE:WEF opened at C$0.48 on Tuesday. The company has a 50-day moving average price of C$0.42 and a 200-day moving average price of C$0.45. Western Forest Products has a 12 month low of C$0.37 and a 12 month high of C$0.67. The company has a current ratio of 3.04, a quick ratio of 0.73 and a debt-to-equity ratio of 19.61. The stock has a market cap of C$152.04 million, a price-to-earnings ratio of -3.48, a P/E/G ratio of 0.32 and a beta of 1.81.

About Western Forest Products

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.