Western Forest Products Inc. (TSE:WEF - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as C$0.55 and last traded at C$0.55, with a volume of 279560 shares trading hands. The stock had previously closed at C$0.56.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on WEF shares. CIBC decreased their price objective on Western Forest Products from C$0.75 to C$0.65 and set a "neutral" rating for the company in a research report on Thursday, February 15th. TD Securities decreased their price target on shares of Western Forest Products from C$0.75 to C$0.65 and set a "hold" rating for the company in a report on Tuesday. Finally, Scotiabank set a C$0.80 price objective on shares of Western Forest Products and gave the company a "sector perform" rating in a research report on Monday, January 22nd. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$0.73.
Check Out Our Latest Stock Report on Western Forest Products
Western Forest Products Stock Performance
The company has a fifty day simple moving average of C$0.61 and a two-hundred day simple moving average of C$0.68. The company has a market capitalization of C$177.38 million, a P/E ratio of -2.55, a price-to-earnings-growth ratio of 0.32 and a beta of 1.93. The company has a debt-to-equity ratio of 18.42, a current ratio of 2.77 and a quick ratio of 0.73.
Western Forest Products (TSE:WEF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C($0.04) EPS for the quarter, beating analysts' consensus estimates of C($0.05) by C$0.01. Western Forest Products had a negative return on equity of 11.50% and a negative net margin of 6.73%. The business had revenue of C$246.60 million for the quarter. On average, analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current fiscal year.
Insider Buying and Selling at Western Forest Products
In other news, Senior Officer Joseph Steven Hofer acquired 100,000 shares of Western Forest Products stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of C$0.63 per share, for a total transaction of C$63,000.00. Corporate insiders own 0.51% of the company's stock.
About Western Forest Products
(
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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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