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

Western Forest Products (TSE:WEF) had its price target trimmed 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.

Several other research analysts have also issued reports on WEF. TD Securities reduced their target price on shares of Western Forest Products from C$0.55 to C$0.45 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Raymond James lowered their price target on Western Forest Products from C$0.60 to C$0.50 in a research report on Thursday, January 30th.

Western Forest Products Price Performance

Shares of Western Forest Products stock opened at C$0.37 on Tuesday. The firm has a fifty day moving average price of C$0.42 and a two-hundred day moving average price of C$0.44. The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73. 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 fifty-two week low of C$0.36 and a fifty-two week high of C$0.58.

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.