Western Forest Products Inc. (TSE:WEF - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$0.43 and traded as low as C$0.42. Western Forest Products shares last traded at C$0.43, with a volume of 154,452 shares.
Analyst Ratings Changes
WEF has been the topic of several recent analyst reports. Royal Bank of Canada cut their target price on Western Forest Products from C$0.70 to C$0.50 and set a "sector perform" rating on the stock in a research note on Tuesday, April 22nd. TD Securities reduced their price target on Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Raymond James reduced their price target on Western Forest Products from C$0.50 to C$0.40 and set a "market perform" rating for the company in a research report on Wednesday, April 30th.
Get Our Latest Report on WEF
Western Forest Products Price Performance
The firm has a market cap of C$131.45 million, a PE ratio of -3.01, a P/E/G ratio of 0.32 and a beta of 1.81. 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 business has a fifty day moving average price of C$0.41 and a two-hundred day moving average price of C$0.42.
Western Forest Products Company Profile
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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.
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