Scotiabank Raises Western Forest Products (TSE:WEF) Price Target to C$15.00

Key Points

• Analysts at Scotiabank raised their price target for Western Forest Products from C$0.50 to C$15.00, indicating a potential upside of 13.21% from the stock's previous close.
• Other analysts, including Royal Bank Of Canada and Raymond James Financial, adjusted their price targets lower, with RBC setting a target of C$15.00 and Raymond James lowering it to C$12.00.
• Insider transactions showed significant interest, with insiders purchasing 248,382 shares valued at approximately C$2.9 million over the last quarter.

Western Forest Products (TSE:WEF - Get Free Report) had its target price upped by research analysts at Scotiabank to C$15.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank's target price would indicate a potential upside of 15.47% from the company's current price. Scotiabank also issued estimates for Western Forest Products' FY2026 earnings at $1.01 EPS.

WEF has been the subject of several other reports. TD Securities cut their price target on shares of Western Forest Products from C$16.50 to C$13.50 and set a "hold" rating for the company in a report on Thursday, April 17th. Raymond James Financial dropped their target price on shares of Western Forest Products from C$15.00 to C$12.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada dropped their price target on shares of Western Forest Products from C$21.00 to C$15.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd.

Western Forest Products Price Performance

Shares of Western Forest Products stock traded down C$0.20 during trading on Friday, hitting C$12.99. 9,404 shares of the company's stock traded hands, compared to its average volume of 13,355. 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 firm's fifty day moving average price is C$12.15 and its 200 day moving average price is C$12.33. Western Forest Products has a twelve month low of C$10.80 and a twelve month high of C$17.40. The company has a market cap of C$4.11 billion, a PE ratio of -94.15, a PEG ratio of 0.32 and a beta of 1.81.

Insider Transactions at Western Forest Products

In other news, insider Kernwood Limited acquired 211,883 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average price of C$11.70 per share, for a total transaction of C$2,479,031.10. Insiders have purchased a total of 248,382 shares of company stock worth $2,901,154 in the last ninety days. 0.67% of the stock is currently owned by insiders.

Western Forest Products Company Profile

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.