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HomeMarketResultsCIBC Trims Western Forest Products (TSE:WEF) Target Price to C$1.25

CIBC Trims Western Forest Products (TSE:WEF) Target Price to C$1.25

Western Forest Merchandise (TSE:WEFGet Rating) had its worth goal lower by inventory analysts at CIBC from C$1.50 to C$1.25 in a analysis report issued to shoppers and traders on Tuesday, BayStreet.CA studies. CIBC’s goal worth factors to a possible upside of 4.17% from the inventory’s present worth.

WEF has been the topic of plenty of different analysis studies. Royal Financial institution of Canada lower their worth goal on shares of Western Forest Merchandise from C$1.75 to C$1.50 and set a “sector carry out” score for the corporate in a report on Friday, November 4th. Scotiabank lower their worth goal on shares of Western Forest Merchandise from C$2.00 to C$1.75 in a report on Monday. Lastly, TD Securities lower shares of Western Forest Merchandise from a “purchase” score to a “maintain” score and lowered their worth goal for the inventory from C$1.80 to C$1.40 in a analysis report on Monday, November seventh.

Western Forest Merchandise Inventory Efficiency

TSE WEF traded down C$0.02 throughout buying and selling on Tuesday, reaching C$1.20. The corporate’s inventory had a buying and selling quantity of 177,380 shares, in comparison with its common quantity of 266,625. The corporate has a present ratio of two.56, a fast ratio of 0.73 and a debt-to-equity ratio of three.22. The agency has a market capitalization of C$380.09 million and a price-to-earnings ratio of three.56. Western Forest Merchandise has a 12 month low of C$1.03 and a 12 month excessive of C$2.30. The agency has a 50 day transferring common worth of C$1.14 and a 200 day transferring common worth of C$1.34.

Western Forest Merchandise (TSE:WEFGet Rating) final issued its quarterly earnings outcomes on Thursday, November third. The corporate reported C$0.02 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.04. The agency had income of C$356.00 million for the quarter. As a gaggle, equities analysts anticipate that Western Forest Merchandise will put up 0.1614159 EPS for the present fiscal yr.

Insider Shopping for and Promoting at Western Forest Merchandise

In different Western Forest Merchandise information, Director John Patrick Williamson bought 100,000 shares of the agency’s inventory in a transaction on Friday, November 18th. The inventory was bought at a median price of C$1.11 per share, for a complete transaction of C$111,354.00. Following the transaction, the director now owns 134,000 shares within the firm, valued at roughly C$149,214.36.

Western Forest Merchandise Firm Profile

(Get Rating)

Western Forest Merchandise Inc engages within the timber harvesting, sawmilling logs into specialty lumber, value-added lumber remanufacturing, and lumber buying and wholesaling companies. Its merchandise have purposes in outside residing; exterior look; inside residing; and structural purposes.

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