In a new note to investors today, an analyst has provided a rating update for Western Forest Prod (WEF). RBC Capital’s analyst Paul Quinn reiterates their Buy rating on the shares, with a C$2 price target.
According to TipRanks.com, Quinn is a 5-star analyst with an average return of 12.8% and a 63.8% success rate. Quinn covers the Consumer Goods sector, focusing on stocks such as Mercer International Inc, Clearwater Paper, and WestRock LLC.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Western Forest Prod with a C$2.18 average price target.
The company has a one-year high of C$2.73 and a one-year low of C$1.51. Currently, Western Forest Prod has an average volume of 630.2K.
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 Tuesday at C$1.52, close to its 52-week low of C$1.51.
