Western Forest Products (OTCMKTS:WFSTF) had its price target increased by Raymond James from $1.50 to $1.75 in a research report sent to investors on Wednesday, The Fly reports. Raymond James currently has an outperform rating on the stock.
Several other equities research analysts also recently weighed in on the stock. CIBC upgraded shares of Western Forest Products from a neutral rating to an outperform rating in a research note on Friday, December 18th. Scotiabank lifted their price objective on shares of Western Forest Products from $1.25 to $1.50 and gave the stock a sector perform rating in a research note on Wednesday, January 6th. Royal Bank of Canada upgraded shares of Western Forest Products from a sector perform rating to an outperform rating in a research note on Wednesday, December 23rd. Finally, TD Securities upgraded shares of Western Forest Products from a hold rating to a buy rating in a research note on Wednesday, January 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $1.43.
Shares of WFSTF opened at $1.00 on Wednesday. Western Forest Products has a twelve month low of $0.41 and a twelve month high of $1.30. The company has a 50 day moving average of $0.91 and a two-hundred day moving average of $0.80.
Western Forest Products Inc operates as an integrated forest products company. The company is involved in the timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers various products for outdoor living space, such as structures, decking, landscaping, and fencing; home components, including appearance and structural, Japanese housing, and framing, as well as siding, paneling, trim, and soffits; and furniture, moldings, and decorative purpose, as well as doors, windows, and stair components.
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