Western Forest Products Inc. (TSE:WEF – Get Free Report)’s stock price hit a new 52-week low on Tuesday . The company traded as low as C$0.41 and last traded at C$0.41, with a volume of 909888 shares traded. The stock had previously closed at C$0.41.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on WEF shares. TD Securities lowered their target price on Western Forest Products from C$0.60 to C$0.50 in a research report on Tuesday, July 23rd. Royal Bank of Canada lowered their target price on Western Forest Products from C$0.80 to C$0.70 in a research report on Thursday, July 11th. Finally, CIBC lowered their target price on Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$0.65.
Get Our Latest Stock Report on Western Forest Products
Western Forest Products Price Performance
Western Forest Products (TSE:WEF – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C($0.02) earnings per share (EPS) for the quarter. The business had revenue of C$239.50 million during the quarter, compared to the consensus estimate of C$231.00 million. Western Forest Products had a negative net margin of 5.96% and a negative return on equity of 9.90%. On average, sell-side analysts forecast that Western Forest Products Inc. will post 0.004992 EPS for the current 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.
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