TD Securities Cuts Western Forest Products (TSE:WEF) Price Target to C$0.50

Western Forest Products (TSE:WEF) had its price target reduced by TD Securities from C$0.55 to C$0.50 in a research note published on Friday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

WEF has been the topic of a number of other reports. Royal Bank of Canada cut their target price on shares of Western Forest Products from C$0.80 to C$0.70 in a research report on Thursday, July 11th. CIBC lowered their target price on shares of Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, July 18th.

Western Forest Products Price Performance

Shares of WEF stock opened at C$0.45 on Friday. The company has a debt-to-equity ratio of 18.43, a quick ratio of 0.73 and a current ratio of 2.97. The stock has a market capitalization of C$140.95 million, a PE ratio of -3.18, a PEG ratio of 0.32 and a beta of 1.81. Western Forest Products has a 52 week low of C$0.41 and a 52 week high of C$0.77. The stock’s fifty day moving average is C$0.49 and its 200-day moving average is C$0.48.

Western Forest Products (TSE:WEF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.03) by C($0.03). The firm had revenue of C$241.70 million for the quarter, compared to analyst estimates of C$242.00 million. Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. Equities research analysts expect that Western Forest Products will post 0.004992 EPS for the current fiscal year.

About Western Forest Products

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.