What’s Propelling Western Forest Products Inc to Decline So Much?

 What's Propelling Western Forest Products Inc to Decline So Much?

The stock of Western Forest Products Inc (TSE:WEF) is a huge mover today! About 72,257 shares traded hands. Western Forest Products Inc (TSE:WEF) has declined 5.56% since March 14, 2016 and is downtrending. It has underperformed by 11.10% the S&P500.
The move comes after 5 months negative chart setup for the $794.91 million company. It was reported on Oct, 19 by Barchart.com. We have $1.90 PT which if reached, will make TSE:WEF worth $47.69 million less.

Western Forest Products Inc (TSE:WEF) Ratings Coverage

Out of 3 analysts covering Western Forest Products (TSE:WEF), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Western Forest Products has been the topic of 7 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock has “Strong Buy” rating given by Raymond James on Wednesday, January 27.

Another recent and important Western Forest Products Inc (TSE:WEF) news was published by Marketwired.com which published an article titled: “Western Forest Products Inc. Confirms New Annual Allowable Cut for Tree Forest …” on August 30, 2016.

Western Forest Products Inc. is a softwood forest products company, operating in the coastal region of British Columbia. The company has a market cap of $794.91 million. The Company’s businesses include the harvesting of timber, reforestation, forest management, the manufacturing and sale of lumber and wood chips, and the sale of logs. It has a 11.83 P/E ratio. The Company’s log and lumber products are sold in over 25 countries around the world.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment