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TSE:WEF - Western Forest Products Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$2.40
  • Forecasted Upside: 60.00 %
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 2 Buy Ratings
  • 1 Strong Buy Ratings
C$1.50 As of 08/8/2022 01:00 AM ET
▼ -0.01 (-0.66%)

This chart shows the closing price for WEF by one month, three months, or twelve months.

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Analyst Price Target for WEF

Analyst Price Target is C$2.40
▲ +60.00% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Western Forest Products in the last 3 months. The average price target is C$2.40, with a high forecast of C$3.25 and a low forecast of C$1.75. The average price target represents a 60.00% upside from the last price of C$1.50.

This chart shows the closing price for WEF for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 4 contributing investment analysts is to buy stock in Western Forest Products. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
2/14/2021
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
5/15/2021
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
8/13/2021
  • 1 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
11/11/2021
  • 1 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
2/9/2022
  • 1 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/10/2022
  • 1 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/9/2022
  • 1 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
8/8/2022

Latest Recommendations

  • 1 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
8/5/2022TD SecuritiesUpgradeHold ➝ BuyC$1.75 ➝ C$1.85
7/8/2022CIBCLower Price TargetC$2.50 ➝ C$1.75
5/5/2022Raymond JamesSet Price TargetStrong-BuyC$3.25
4/21/2022CIBCLower Price TargetC$2.50 ➝ C$2.25
2/18/2022CIBCBoost Price TargetNeutralC$2.25 ➝ C$2.50
1/10/2022CIBCBoost Price TargetC$2.00 ➝ C$2.25
1/5/2022TD SecuritiesBoost Price TargetC$2.25 ➝ C$2.50
11/8/2021CIBCLower Price TargetNeutralC$2.50 ➝ C$2.00
11/5/2021TD SecuritiesDowngradeBuy ➝ HoldC$2.75 ➝ C$2.25
11/5/2021Royal Bank of CanadaLower Price TargetOutperformC$3.00 ➝ C$2.75
11/4/2021Raymond JamesSet Price TargetOutperformC$2.90
10/21/2021CIBCDowngradeOutperform ➝ HoldC$2.60 ➝ C$2.50
10/20/2021Royal Bank of CanadaBoost Price TargetC$2.75 ➝ C$3.00
9/30/2021CIBCReiterated RatingBuy
9/29/2021Raymond JamesLower Price TargetOutperformC$3.00 ➝ C$2.90
9/21/2021CIBCReiterated RatingBuyC$2.60
9/15/2021TD SecuritiesReiterated RatingBuy
9/14/2021TD SecuritiesLower Price TargetNAC$3.00 ➝ C$2.75
8/6/2021Raymond JamesReiterated RatingOutperformC$3.00
8/6/2021CIBCReiterated RatingOutperformC$2.60
7/20/2021CIBCLower Price TargetNAC$2.90 ➝ C$2.60
6/30/2021CIBCReiterated RatingOutperformC$2.90
5/25/2021Raymond JamesBoost Price TargetOutperformC$2.50 ➝ C$3.00
5/19/2021ScotiabankBoost Price TargetC$2.50 ➝ C$2.75
5/11/2021CIBCBoost Price TargetOutperformC$2.50 ➝ C$2.90
5/7/2021TD SecuritiesBoost Price TargetBuyC$2.75 ➝ C$3.00
5/6/2021Raymond JamesBoost Price TargetOutperformC$2.35 ➝ C$2.50
5/6/2021Royal Bank of CanadaReiterated RatingOutperformC$2.25
4/28/2021ScotiabankBoost Price TargetC$2.25 ➝ C$2.50
4/23/2021TD SecuritiesBoost Price TargetBuyC$2.25 ➝ C$2.75
4/13/2021CIBCBoost Price TargetOutperformC$1.90 ➝ C$2.50
4/7/2021Raymond JamesBoost Price TargetOutperformC$1.85 ➝ C$2.35
3/3/2021ScotiabankBoost Price TargetC$2.00 ➝ C$2.25
2/22/2021TD SecuritiesBoost Price TargetBuyC$1.75 ➝ C$2.00
2/22/2021Royal Bank of CanadaBoost Price TargetOutperformC$1.50 ➝ C$2.00
2/19/2021Raymond JamesBoost Price TargetOutperformC$1.75 ➝ C$1.85
2/19/2021ScotiabankBoost Price TargetC$1.50 ➝ C$2.00
2/4/2021CIBCBoost Price TargetC$1.50 ➝ C$1.70
1/13/2021Raymond JamesBoost Price TargetOutperformC$1.50 ➝ C$1.75
1/6/2021ScotiabankBoost Price TargetC$1.25 ➝ C$1.50
1/6/2021TD SecuritiesBoost Price TargetHold ➝ NAC$1.05 ➝ C$1.65
12/29/2020Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$1.00 ➝ C$1.50
12/23/2020Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$1.00 ➝ C$1.50
12/18/2020CIBCUpgradeNeutral ➝ OutperformC$1.20 ➝ C$1.50
12/10/2020Raymond JamesBoost Price TargetOutperformC$1.40 ➝ C$1.50
11/9/2020TD SecuritiesLower Price TargetHoldC$1.15 ➝ C$1.05
11/6/2020Raymond JamesSet Price TargetOutperformC$1.40
10/2/2020ScotiabankDowngradeOutperform ➝ Sector PerformC$1.30 ➝ C$1.25
9/17/2020ScotiabankLower Price TargetC$1.40 ➝ C$1.30
9/3/2020ScotiabankBoost Price TargetC$1.25 ➝ C$1.40
8/25/2020CIBCBoost Price TargetC$1.20 ➝ C$1.40
8/19/2020Raymond JamesBoost Price TargetOutperformC$1.25 ➝ C$1.40
8/10/2020TD SecuritiesBoost Price TargetHoldC$1.00 ➝ C$1.25
8/7/2020Raymond JamesSet Price TargetOutperformC$1.25
7/15/2020Raymond JamesBoost Price TargetOutperformC$1.15 ➝ C$1.25
7/10/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$1.00
6/19/2020TD SecuritiesBoost Price TargetC$0.90 ➝ C$0.95
6/4/2020Raymond JamesBoost Price TargetOutperformC$1.05 ➝ C$1.15
5/8/2020Raymond JamesBoost Price TargetOutperformC$0.80 ➝ C$1.05
5/8/2020TD SecuritiesBoost Price TargetHoldC$0.75 ➝ C$0.90
4/16/2020Royal Bank of CanadaLower Price TargetC$1.25 ➝ C$1.00
4/14/2020CIBCLower Price TargetC$1.00 ➝ C$0.90
4/7/2020Raymond JamesLower Price TargetOutperformC$1.50 ➝ C$0.80
3/24/2020ScotiabankLower Price TargetC$1.75 ➝ C$1.50
3/17/2020Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$1.25
3/17/2020Raymond JamesSet Price TargetOutperformC$1.50
2/14/2020CIBCBoost Price TargetC$1.25 ➝ C$1.50
2/13/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$1.00 ➝ C$1.25
2/13/2020TD SecuritiesBoost Price TargetHoldC$1.25 ➝ C$1.50
2/11/2020Raymond JamesReiterated RatingOutperformC$1.50
12/18/2019ScotiabankLower Price TargetC$1.75 ➝ C$1.50
11/7/2019Raymond JamesReiterated RatingOutperformC$2.00
10/11/2019CIBCLower Price TargetC$1.50 ➝ C$1.25
9/17/2019Raymond JamesUpgradeMarket Perform ➝ OutperformC$2.10
8/7/2019Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$2.00 ➝ C$1.50
8/7/2019CIBCLower Price TargetC$1.75 ➝ C$1.50
8/6/2019TD SecuritiesLower Price TargetHoldC$1.75 ➝ C$1.50
8/2/2019Raymond JamesLower Price TargetMarket PerformC$2.20 ➝ C$2.10
7/16/2019Raymond JamesDowngradeOutperform ➝ Market PerformC$2.30 ➝ C$2.20
7/9/2019Royal Bank of CanadaLower Price TargetC$2.25 ➝ C$2.00
6/7/2019CIBCLower Price TargetC$2.00 ➝ C$1.75
5/6/2019ScotiabankReiterated RatingAverageC$2.25
5/3/2019Royal Bank of CanadaLower Price TargetOutperformC$2.50 ➝ C$2.25
5/2/2019Raymond JamesReiterated RatingOutperformC$2.30
4/22/2019Raymond JamesLower Price TargetBuyC$2.40 ➝ C$2.30
4/17/2019TD SecuritiesDowngradeBuy ➝ HoldC$2.25 ➝ C$2.00
4/3/2019Raymond JamesLower Price TargetC$2.60 ➝ C$2.40
2/15/2019CIBCLower Price TargetC$2.25 ➝ C$2.00
2/14/2019TD SecuritiesLower Price TargetBuyC$2.50 ➝ C$2.25
2/13/2019Raymond JamesSet Price TargetOutperformC$2.60
1/22/2019Raymond JamesDowngradeStrong-Buy ➝ OutperformC$3.00 ➝ C$2.60
1/8/2019Royal Bank of CanadaLower Price TargetC$2.75 ➝ C$2.50
11/21/2018Raymond JamesReiterated RatingStrong-BuyC$3.00
11/9/2018ScotiabankReiterated RatingBuy ➝ AverageC$2.75
10/15/2018CIBCLower Price TargetC$2.50 ➝ C$2.25
10/15/2018Raymond JamesLower Price TargetC$1.60 ➝ C$1.00
9/19/2018CIBCDowngradeOutperform ➝ NeutralC$3.00 ➝ C$2.50
8/8/2018CIBCLower Price TargetC$3.25 ➝ C$3.00
8/7/2018TD SecuritiesLower Price TargetBuyC$3.50 ➝ C$3.25
5/4/2018Royal Bank of CanadaBoost Price TargetOutperformC$3.00 ➝ C$3.25
5/3/2018ScotiabankBoost Price TargetOutperformC$3.00 ➝ C$3.25
4/10/2018Raymond JamesBoost Price TargetC$3.35 ➝ C$3.40
4/2/2018Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$3.00
2/20/2018TD SecuritiesBoost Price TargetBuyC$3.25 ➝ C$3.50
2/20/2018Royal Bank of CanadaBoost Price TargetSector PerformC$2.50 ➝ C$3.00
2/16/2018ScotiabankBoost Price TargetOutperformC$2.90 ➝ C$3.00
1/30/2018Raymond JamesUpgradeOutperform ➝ Strong-Buy
1/12/2018CIBCUpgradeNeutral ➝ OutperformC$3.00 ➝ C$3.25
11/3/2017Raymond JamesBoost Price TargetOutperformC$3.25 ➝ C$3.50
11/3/2017ScotiabankBoost Price TargetOutperformC$2.85 ➝ C$2.90
9/25/2017CIBCDowngradeOutperform ➝ Neutral
(Data available from 8/9/2017 forward)

News Sentiment Rating

0.63 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/11/2022
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/10/2022
  • 5 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/12/2022
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/11/2022
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/11/2022
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/10/2022
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/10/2022
  • 4 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/9/2022

Current Sentiment

  • 4 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Western Forest Products logo
Western Forest Products Inc. engages in the timber harvesting, sawmilling logs into specialty lumber, value-added lumber remanufacturing, and lumber purchasing and wholesaling businesses. Its products have applications in outdoor living; exterior appearance; interior living; and structural applications. The company sells its products in Canada, the United States, China, Japan, Europe, and internationally. Western Forest Products Inc. was founded in 1955 and is headquartered in Vancouver, Canada.
Read More

Today's Range

Now: C$1.50
Low: C$1.49
High: C$1.56

50 Day Range

MA: C$1.55
Low: C$1.40
High: C$1.88

52 Week Range

Now: C$1.50
Low: C$1.38
High: C$2.40

Volume

787,479 shs

Average Volume

808,256 shs

Market Capitalization

C$488.27 million

P/E Ratio

2.83

Dividend Yield

3.31%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Western Forest Products?

The following Wall Street sell-side analysts have issued stock ratings on Western Forest Products in the last twelve months: CIBC, Raymond James, Royal Bank of Canada, and TD Securities.
View the latest analyst ratings for WEF.

What is the current price target for Western Forest Products?

4 Wall Street analysts have set twelve-month price targets for Western Forest Products in the last year. Their average twelve-month price target is C$2.40, suggesting a possible upside of 60.0%. Raymond James has the highest price target set, predicting WEF will reach C$3.25 in the next twelve months. CIBC has the lowest price target set, forecasting a price of C$1.75 for Western Forest Products in the next year.
View the latest price targets for WEF.

What is the current consensus analyst rating for Western Forest Products?

Western Forest Products currently has 1 hold rating, 2 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe WEF will outperform the market and that investors should add to their positions of Western Forest Products.
View the latest ratings for WEF.

What other companies compete with Western Forest Products?

Other companies that are similar to Western Forest Products include Goodfellow, Conifex Timber, Stella-Jones, Héroux-Devtek and Logistec. Learn More about companies similar to Western Forest Products.

How do I contact Western Forest Products' investor relations team?

Western Forest Products' physical mailing address is Suite 510 - 700 West Georgia Street TD Tower, P.O. Box 10032, VANCOUVER, BC V6E 3P3, Canada. The company's listed phone number is +1-604-6484500. The official website for Western Forest Products is www.westernforest.com. Learn More about contacing Western Forest Products investor relations.