Western Forest Products Inc. (TSE:WEF - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.42 and traded as low as C$0.41. Western Forest Products shares last traded at C$0.41, with a volume of 74,626 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on WEF. TD Securities lowered their target price on shares of Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating for the company in a research note on Thursday, April 17th. Raymond James decreased 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 report on Wednesday, April 30th. Finally, 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 report on Tuesday, April 22nd.
Get Our Latest Report on Western Forest Products
Western Forest Products Stock Performance
The firm has a market capitalization of C$126.70 million, a P/E ratio of -2.90, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. The company's 50 day moving average is C$0.40 and its 200-day moving average is C$0.42. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61.
About Western Forest Products
(
Get Free Report)
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.
See Also
Before you consider Western Forest Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western Forest Products wasn't on the list.
While Western Forest Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
