Shares of Western Forest Prod (WEF) were revisited by a Wall Street analyst today. The company received a Buy rating from Raymond James’ analyst Daryl Swetlishoff, with a C$2.30 price target.
According to TipRanks.com, Swetlishoff is ranked #5084 out of 5193 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 Monday at C$1.82, close to its 52-week low of C$1.72.
