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Western Forest Products - WEF Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: C$0.63
  • Forecasted Upside: 45.35%
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
C$0.43 As of 12/3/2024 12:50 PM ET
▼ -0.01 (-2.27%)

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$0.63
▲ +45.35% 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$0.63, with a high forecast of C$0.80 and a low forecast of C$0.50. The average price target represents a 45.35% upside from the last price of C$0.43.

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 Hold

The current consensus among 4 polled investment analysts is to hold stock in Western Forest Products. This rating has held steady since April 2023, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
6/11/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
9/9/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/8/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
3/7/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
6/5/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
9/3/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
11/2/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/2/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 4 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/8/2024TD SecuritiesLower TargetHoldC$0.55 ➝ C$0.50
7/23/2024TD SecuritiesLower TargetC$0.60 ➝ C$0.50
7/18/2024CIBCLower TargetC$0.60 ➝ C$0.50
7/11/2024Royal Bank of CanadaLower TargetC$0.80 ➝ C$0.70
5/9/2024TD SecuritiesLower TargetHoldC$0.65 ➝ C$0.60
5/9/2024CIBCLower TargetC$0.65 ➝ C$0.60
4/16/2024TD SecuritiesLower TargetHoldC$0.75 ➝ C$0.65
2/15/2024TD SecuritiesLower TargetHoldC$0.85 ➝ C$0.75
2/15/2024CIBCLower TargetNeutralC$0.75 ➝ C$0.65
1/22/2024ScotiabankSet TargetSector PerformC$0.80
1/12/2024CIBCLower TargetNeutralC$0.85 ➝ C$0.75
12/19/2023Royal Bank of CanadaLower TargetSector PerformC$1.00 ➝ C$0.80
11/10/2023CIBCLower TargetNeutralC$1.00 ➝ C$0.85
11/9/2023Royal Bank of CanadaLower TargetSector PerformC$1.25 ➝ C$1.00
11/9/2023TD SecuritiesLower TargetHoldC$0.85 ➝ C$0.80
10/20/2023Raymond JamesLower TargetMarket PerformC$0.85 ➝ C$0.75
10/13/2023CIBCLower TargetNeutralC$1.25 ➝ C$1.00
9/25/2023Raymond JamesDowngradeOutperform ➝ Market PerformC$1.25 ➝ C$0.85
8/8/2023TD SecuritiesLower TargetHoldC$1.25 ➝ C$1.15
5/4/2023Raymond JamesLower TargetC$1.70 ➝ C$1.35
5/4/2023ScotiabankLower TargetC$1.75 ➝ C$1.50
2/21/2023TD SecuritiesBoost TargetHoldC$1.25 ➝ C$1.35
1/10/2023CIBCLower TargetC$1.50 ➝ C$1.25
1/9/2023ScotiabankLower TargetC$2.00 ➝ C$1.75
11/28/2022ScotiabankLower TargetC$2.25 ➝ C$2.00
11/7/2022TD SecuritiesDowngradeBuy ➝ HoldC$1.80 ➝ C$1.40
11/7/2022CIBCLower TargetNeutralC$1.75 ➝ C$1.50
11/4/2022Royal Bank of CanadaLower TargetSector PerformC$1.75 ➝ C$1.50
11/4/2022ScotiabankLower TargetC$2.50 ➝ C$2.25
10/18/2022Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$2.25 ➝ C$1.75
8/5/2022TD SecuritiesUpgradeHold ➝ BuyC$1.75 ➝ C$1.85
7/8/2022CIBCLower TargetC$2.50 ➝ C$1.75
5/5/2022Raymond JamesSet TargetStrong-BuyC$3.25
4/21/2022CIBCLower TargetC$2.50 ➝ C$2.25
2/18/2022CIBCBoost TargetNeutralC$2.25 ➝ C$2.50
1/10/2022CIBCBoost TargetC$2.00 ➝ C$2.25
1/5/2022TD SecuritiesBoost TargetC$2.25 ➝ C$2.50
11/8/2021CIBCLower TargetNeutralC$2.50 ➝ C$2.00
11/5/2021TD SecuritiesDowngradeBuy ➝ HoldC$2.75 ➝ C$2.25
11/5/2021Royal Bank of CanadaLower TargetOutperformC$3.00 ➝ C$2.75
11/4/2021Raymond JamesSet TargetOutperformC$2.90
10/21/2021CIBCDowngradeOutperform ➝ HoldC$2.60 ➝ C$2.50
10/20/2021Royal Bank of CanadaBoost TargetC$2.75 ➝ C$3.00
9/30/2021CIBCReiterated RatingBuy
9/29/2021Raymond JamesLower TargetOutperformC$3.00 ➝ C$2.90
9/21/2021CIBCReiterated RatingBuyC$2.60
9/15/2021TD SecuritiesReiterated RatingBuy
9/14/2021TD SecuritiesLower TargetNAC$3.00 ➝ C$2.75
8/6/2021Raymond JamesReiterated RatingOutperformC$3.00
8/6/2021CIBCReiterated RatingOutperformC$2.60
7/20/2021CIBCLower TargetNAC$2.90 ➝ C$2.60
6/30/2021CIBCReiterated RatingOutperformC$2.90
5/25/2021Raymond JamesBoost TargetOutperformC$2.50 ➝ C$3.00
5/19/2021ScotiabankBoost TargetC$2.50 ➝ C$2.75
5/11/2021CIBCBoost TargetOutperformC$2.50 ➝ C$2.90
5/7/2021TD SecuritiesBoost TargetBuyC$2.75 ➝ C$3.00
5/6/2021Raymond JamesBoost TargetOutperformC$2.35 ➝ C$2.50
5/6/2021Royal Bank of CanadaReiterated RatingOutperformC$2.25
4/28/2021ScotiabankBoost TargetC$2.25 ➝ C$2.50
4/23/2021TD SecuritiesBoost TargetBuyC$2.25 ➝ C$2.75
4/13/2021CIBCBoost TargetOutperformC$1.90 ➝ C$2.50
4/7/2021Raymond JamesBoost TargetOutperformC$1.85 ➝ C$2.35
3/3/2021ScotiabankBoost TargetC$2.00 ➝ C$2.25
2/22/2021TD SecuritiesBoost TargetBuyC$1.75 ➝ C$2.00
2/22/2021Royal Bank of CanadaBoost TargetOutperformC$1.50 ➝ C$2.00
2/19/2021Raymond JamesBoost TargetOutperformC$1.75 ➝ C$1.85
2/19/2021ScotiabankBoost TargetC$1.50 ➝ C$2.00
2/4/2021CIBCBoost TargetC$1.50 ➝ C$1.70
1/13/2021Raymond JamesBoost TargetOutperformC$1.50 ➝ C$1.75
1/6/2021ScotiabankBoost TargetC$1.25 ➝ C$1.50
1/6/2021TD SecuritiesBoost 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 TargetOutperformC$1.40 ➝ C$1.50
11/9/2020TD SecuritiesLower TargetHoldC$1.15 ➝ C$1.05
11/6/2020Raymond JamesSet TargetOutperformC$1.40
10/2/2020ScotiabankDowngradeOutperform ➝ Sector PerformC$1.30 ➝ C$1.25
9/17/2020ScotiabankLower TargetC$1.40 ➝ C$1.30
9/3/2020ScotiabankBoost TargetC$1.25 ➝ C$1.40
8/25/2020CIBCBoost TargetC$1.20 ➝ C$1.40
8/19/2020Raymond JamesBoost TargetOutperformC$1.25 ➝ C$1.40
8/10/2020TD SecuritiesBoost TargetHoldC$1.00 ➝ C$1.25
8/7/2020Raymond JamesSet TargetOutperformC$1.25
7/15/2020Raymond JamesBoost TargetOutperformC$1.15 ➝ C$1.25
7/10/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$1.00
6/19/2020TD SecuritiesBoost TargetC$0.90 ➝ C$0.95
6/4/2020Raymond JamesBoost TargetOutperformC$1.05 ➝ C$1.15
5/8/2020Raymond JamesBoost TargetOutperformC$0.80 ➝ C$1.05
5/8/2020TD SecuritiesBoost TargetHoldC$0.75 ➝ C$0.90
4/16/2020Royal Bank of CanadaLower TargetC$1.25 ➝ C$1.00
4/14/2020CIBCLower TargetC$1.00 ➝ C$0.90
4/7/2020Raymond JamesLower TargetOutperformC$1.50 ➝ C$0.80
3/24/2020ScotiabankLower TargetC$1.75 ➝ C$1.50
3/17/2020Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$1.25
3/17/2020Raymond JamesSet TargetOutperformC$1.50
2/14/2020CIBCBoost TargetC$1.25 ➝ C$1.50
2/13/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector PerformC$1.00 ➝ C$1.25
2/13/2020TD SecuritiesBoost TargetHoldC$1.25 ➝ C$1.50
2/11/2020Raymond JamesReiterated RatingOutperformC$1.50
12/18/2019ScotiabankLower TargetC$1.75 ➝ C$1.50
(Data available from 12/3/2019 forward)

News Sentiment Rating

0.92 (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
  • 1 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
5/7/2024
  • 2 very positive mentions
  • 1 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
6/6/2024
  • 0 very positive mentions
  • 1 positive mentions
  • 4 negative mentions
  • 0 very negative mentions
Mentions as of
7/6/2024
  • 1 very positive mentions
  • 4 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
8/5/2024
  • 0 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/4/2024
  • 0 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/4/2024
  • 1 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/3/2024
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/3/2024

Current Sentiment

  • 3 very positive mentions
  • 2 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. operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber. The company also provides door and window; outdoor structure; and fencing products. Its products have applications in outdoor living, exterior appearance, interior living, industrial, and structural applications. Western Forest Products Inc. was founded in 1955 and is headquartered in Vancouver, Canada.
Read More

Today's Range

Now: C$0.43
Low: C$0.43
High: C$0.45

50 Day Range

MA: C$0.49
Low: C$0.44
High: C$0.56

52 Week Range

Now: C$0.43
Low: C$0.41
High: C$0.77

Volume

136,365 shs

Average Volume

382,001 shs

Market Capitalization

C$136.20 million

P/E Ratio

N/A

Dividend Yield

6.67%

Beta

1.81

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, Royal Bank of Canada, Scotiabank, and TD Securities.
View the latest analyst ratings for WEF.

What is the current price target for Western Forest Products?

0 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$0.63, suggesting a possible upside of 45.3%. Scotiabank has the highest price target set, predicting WEF will reach C$0.80 in the next twelve months. TD Securities has the lowest price target set, forecasting a price of C$0.50 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 4 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in WEF, but not buy more shares or sell existing shares.
View the latest ratings for WEF.

What other companies compete with Western Forest Products?

Other companies that are similar to Western Forest Products include CRH Medical, Sunwah International, 43223 (SNA.V), Bombardier, Inc. Preferred Shares Series 2 and Enviva. 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.