Western Forest Products Upgraded by CIBC to Outperform (WEF) CIBC upgraded shares of Western Forest Products (TSE:WEF)from a sector perform rating to an outperform rating in a research note released on Friday morning.
Western Forest Products (TSE:WEF) traded up 2.54% during mid-day trading on Friday, hitting $2.02. The stock had a trading volume of 1,331,185 shares. Western Forest Products has a 1-year low of $1.78 and a 1-year high of $2.80. The stock has a 50-day moving average of $1. and a 200-day moving average of $2.. The company has a market cap of $798.03 million and a price-to-earnings ratio of 11.88.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of Western Forest Products to a strong-buy rating in a research note on Tuesday, April 14th. Analysts at TD Securities lowered their price target on shares of Western Forest Products from C$3.25 to C$3.00 and set a buy rating on the stock in a research note on Thursday, February 19th. Finally, analysts at RBC Capital lowered their price target on shares of Western Forest Products from C$3.00 to C$2.75 in a research note on Thursday, February 19th.
Source: https://www.lulegacy.com/2015/05/15/western-forest-products-upgraded-by-cibc-to-outperform-wef/483644/