Shares of Western Forest Products Inc. (TSE:WEF – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$0.41 and last traded at C$0.42, with a volume of 405076 shares trading hands. The stock had previously closed at C$0.41.
Wall Street Analyst Weigh In
WEF has been the subject of several research reports. Royal Bank of Canada dropped their price target on Western Forest Products from C$0.80 to C$0.70 in a report on Thursday, July 11th. TD Securities reduced their price target on Western Forest Products from C$0.60 to C$0.50 in a research report on Tuesday, July 23rd. Finally, CIBC cut their target price on Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, July 18th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$0.65.
Get Our Latest Analysis on Western Forest Products
Western Forest Products Price Performance
Western Forest Products (TSE:WEF – Get Free Report) last issued its earnings results on Tuesday, May 7th. The company reported C($0.02) earnings per share for the quarter. Western Forest Products had a negative net margin of 5.96% and a negative return on equity of 9.90%. The company had revenue of C$239.50 million for the quarter, compared to analysts’ expectations of C$231.00 million. Research analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current year.
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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