Raymond James Upgrades Western Forest Prod (WEF) to Buy


The Materials sector company, Western Forest Prod (WEF), has received a rating update from a Wall Street analyst today. The Materials company, Western Forest Prod (TSX: WEF) has just received a rating update from a Wall Street analyst.

According to TipRanks.com, Swetlishoff is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -18.0% and a 21.0% success rate. Swetlishoff covers the Basic Materials sector, focusing on stocks such as West Fraser Timber Co Ltd, Interfor Corporation, and Norbord Inc.

Currently, the analyst consensus on Western Forest Prod is a Moderate Buy with an average price target of C$1.78.

The company has a one-year high of C$2.37 and a one-year low of C$1.13. Currently, Western Forest Prod has an average volume of 536.3K.

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 last Tuesday at C$1.34.

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