Western Forest Products (WEF) Stock Rating Reaffirmed by Scotiabank

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Scotiabank reiterated their average rating on shares of Western Forest Products (TSE:WEF) in a report published on Friday morning. They currently have a C$2.75 price objective on the stock.

Other analysts also recently issued research reports about the company. CIBC lowered their target price on Western Forest Products from C$3.25 to C$3.00 in a research note on Wednesday, August 8th. TD Securities lowered their target price on Western Forest Products from C$3.50 to C$3.25 and set a buy rating on the stock in a research note on Tuesday, August 7th. Finally, Raymond James lowered their target price on Western Forest Products from C$1.60 to C$1.00 in a research note on Monday, October 15th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Western Forest Products has a consensus rating of Buy and an average price target of C$2.50.

Western Forest Products stock remained flat at $C$1.90 during trading hours on Friday. The company’s stock had a trading volume of 447,600 shares, compared to its average volume of 784,515. Western Forest Products has a twelve month low of C$1.74 and a twelve month high of C$2.95.

Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers lumber and logs from various tree species, such as western red cedar, hem-fir, Douglas fir, yellow cedar, and Sitka spruce.

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Analyst Recommendations for Western Forest Products (TSE:WEF)

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