Western Forest Products Inc. (TSE:WEF – Get Free Report) shares 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 trading hands. The stock had previously closed at C$0.41.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on WEF. Royal Bank of Canada decreased their price target on shares of Western Forest Products from C$0.80 to C$0.70 in a report on Thursday, July 11th. TD Securities decreased their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a report on Tuesday, July 23rd. Finally, CIBC decreased their price target on shares of Western Forest Products from C$0.60 to C$0.50 in a report on Thursday, July 18th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$0.65.
Check Out Our Latest Research Report on WEF
Western Forest Products Price Performance
Western Forest Products (TSE:WEF – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$239.50 million during the quarter, compared to analysts’ expectations 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%. Equities research 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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