Western Forest Products (TSE:WEF)‘s stock had its “average” rating reiterated by analysts at Scotiabank in a research note issued on Friday. They presently have a C$2.75 target price on the stock. Scotiabank’s price target indicates a potential upside of 44.74% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Raymond James cut their price objective on shares of Western Forest Products from C$1.60 to C$1.00 in a report on Monday, October 15th. CIBC cut their price target on shares of Western Forest Products from C$2.50 to C$2.25 in a report on Monday, October 15th. Finally, TD Securities cut their price target on shares of Western Forest Products from C$3.50 to C$3.25 and set a “buy” rating on the stock in a report on Tuesday, August 7th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Western Forest Products presently has a consensus rating of “Buy” and a consensus target price of C$2.50.
WEF opened at C$1.90 on Friday. Western Forest Products has a 1 year low of C$1.74 and a 1 year high of C$2.95.
About Western Forest Products
Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers lumber and logs from various tree species, such as western red cedar, hem-fir, Douglas fir, yellow cedar, and Sitka spruce.
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