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Bullboard - Stock Discussion Forum Western Forest Products Inc T.WEF

Alternate Symbol(s):  WFSTF

Western Forest Products Inc. is a Canada-based integrated forest products company building a margin-focused log and lumber business to compete in global softwood markets. The Company’s primary business is the sale of lumber and logs, which includes timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. It has a... see more

TSX:WEF - Post Discussion

Western Forest Products Inc > Scotia increase TP to 2.25
View:
Post by oldinvestor64 on Mar 03, 2021 11:51am

Scotia increase TP to 2.25

I think  tailwinds for the industry will endure for a couple more  years.
Comment by gobig69 on Mar 03, 2021 9:14pm
 HOW can a no name guy like you say that..no tailwindsthey still never busted out..tailwinds i dont think wil matter..when timeswere good they got as high as 2.90..so its about time it goes bonkers like lumber has..
Comment by gobig69 on Mar 03, 2021 9:17pm
HOUSING DEMAND HAS NEVER BEEN SO HIGH AND LUMBER PRICES...SHORTAGE OF HOMES IS WHY SO HOGH FOR A HOUSE...IF THEY WANTED TO I THINK THEY CAN DRIVE IT HIGHER..
Comment by jonvw92 on Mar 03, 2021 10:02pm
Raymond James also upgraded today to $2.60... buckle up!! I am adding to my overweight position tomorrow.  I think WEF will continue to make up some of the underperformance over the next month or two. Cheers!!
Comment by Coopsvw92 on Mar 04, 2021 11:23pm
I didn't think for a second that I would be able to get more shares for $1.60 this morning.  Brought my average down, should be in the black soon!!
Comment by bbwibone on Mar 04, 2021 5:40am
From $2.25 from what price, $1.50 or less? Analysts are 3-6 months behind on accurate price targets here. Been holding since $0.65 and it has been obvious for a long time, at least last Sept, this stock should be at least near levels in 2018 i.e. $2.50 a share. Minimum. With a 12 month analyst price target closer to $3.
Comment by ferret_ca on Mar 04, 2021 11:45am
"From $2.25 from what price, $1.50 or less? " this bump up to 2.25 was from 2.00 I'm not a fan of analysts but 2.25 is still a nice bump from 1.70 ish  as they execute targets will rise as long as lumber remains strong, if it turns (which I doubt, at least for a while yet) the whole sector will sell off in a heartbeat. make sure you clip some profits along the way, it is a ...more  
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