Trading Report: Today: Western Forest Products Inc (WEF) Downgraded by CIBC

Today: Western Forest Products Inc (WEF) Downgraded by CIBC

CIBC lowered shares of Western Forest Products Inc (TSE:WEF) from an outperform rating to a sector perform rating in a research report released on Wednesday morning.

A number of other research analysts also recently issued reports on the stock. Raymond James Financial Inc. cut their price objective on shares of Western Forest Products from C$2.50 to C$2.25 in a research report on Thursday, July 7th. Scotiabank reissued an outperform rating and set a C$2.50 target price on shares of Western Forest Products in a research report on Thursday, August 4th. Finally, TD Securities reissued a buy rating and set a C$2.50 target price on shares of Western Forest Products in a research report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of C$2.59.

Shares of Western Forest Products (TSE:WEF) opened at 2.04 on Wednesday. The stock has a market capitalization of $806.71 million and a PE ratio of 12.75. Western Forest Products has a 52 week low of $1.77 and a 52 week high of $2.40. The stock has a 50 day moving average of $2.11 and a 200-day moving average of $2.15.

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