In a latest note to investors, a research analyst has provided a rating update for the Western Forest Prod (WEF). Raymond James’ analyst Daryl Swetlishoff reiterates their Buy rating on the shares today.
According to TipRanks.com, Swetlishoff is ranked #5049 out of 5194 analysts.
Currently, the analyst consensus on Western Forest Prod is a Moderate Buy with an average price target of C$2.27.
Based on Western Forest Prod’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$5.3 million. In comparison, last year the company earned revenue of C$292 million and had a net profit of C$21.7 million.
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 Thursday at C$1.83, close to its 52-week low of C$1.72.
