The stock of Western Forest Products Inc (TSE:WEF) is a huge mover today! About 113,057 shares traded hands. Western Forest Products Inc (TSE:WEF) has declined 2.35% since March 24, 2016 and is downtrending. It has underperformed by 5.82% the S&P500.
The move comes after 7 months negative chart setup for the $814.58 million company. It was reported on Oct, 31 by Barchart.com. We have $1.87 PT which if reached, will make TSE:WEF worth $73.31 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. As per Wednesday, January 27, the company rating was upgraded by Raymond James.
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 $814.58 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 12.01 P/E ratio. The Company’s log and lumber products are sold in over 25 countries around the world.
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