Western Forest Products (TSE:WEF) Price Target Lowered to C$0.50 at Royal Bank of Canada

Western Forest Products (TSE:WEF) had its price target lowered by Royal Bank of Canada from C$0.70 to C$0.50 in a report published on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other analysts also recently weighed in on the company. TD Securities dropped their target price on Western Forest Products from C$0.55 to C$0.45 and set a “hold” rating for the company in a research report on Thursday, April 17th. Raymond James reduced 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 Price Performance

TSE WEF opened at C$0.37 on Tuesday. The company has a market cap of C$117.20 million, a PE ratio of -2.68, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. Western Forest Products has a 52 week low of C$0.36 and a 52 week high of C$0.58. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. The firm’s 50-day simple moving average is C$0.42 and its two-hundred day simple moving average is C$0.44.

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.