Western Forest Products Inc. (TSE:WEF – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.60 and traded as low as C$0.46. Western Forest Products shares last traded at C$0.46, with a volume of 91,408 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. TD Securities decreased their target price on shares of Western Forest Products from C$0.65 to C$0.60 and set a “hold” rating for the company in a research report on Thursday, May 9th. CIBC lowered their price objective on shares of Western Forest Products from C$0.65 to C$0.60 in a research report on Thursday, May 9th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$0.71.
View Our Latest Analysis on WEF
Western Forest Products Trading Down 1.1 %
Western Forest Products (TSE:WEF – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported C($0.02) earnings per share for the quarter. The company had revenue of C$239.50 million for the quarter, compared to the consensus estimate 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%. Analysts predict that Western Forest Products Inc. will post 0.004992 EPS for the current fiscal year.
Western Forest Products Company Profile
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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