In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Western Forest Prod (WEF). Raymond James’ analyst Daryl Swetlishoff reiterates their Buy rating on the shares today.
According to TipRanks.com, Swetlishoff is ranked #4985 out of 5231 analysts.
Currently, the analyst consensus on Western Forest Prod is a Moderate Buy with an average price target of C$2.30.
Western Forest Prod’s market cap is currently C$740.6M and has a P/E ratio of 10.6. The company has a Price to Book ratio of 1.29.
Western Forest Products, Inc. engages in the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber and value added lumber remanufacturing. Its products include outdoor living, home components, millwork, industrial and non-residential. The company was founded in 1955 and is headquartered in Vancouver, CA.
The company’s shares closed on Wednesday at C$1.91, close to its 52-week low of C$1.72.
