Royal Bank of Canada lowered shares of Western Forest Products (OTCMKTS:WFSTF – Get Rating) from an outperform rating to a sector perform rating in a research note released on Tuesday morning, The Fly reports.
Separately, TD Securities lowered their price objective on Western Forest Products from C$2.25 to C$1.75 in a research report on Thursday, June 23rd.
Get Western Forest Products alerts:Western Forest Products Price Performance
Shares of WFSTF opened at $0.89 on Tuesday. The business's 50 day moving average price is $1.09 and its 200-day moving average price is $1.26. Western Forest Products has a 52 week low of $0.89 and a 52 week high of $1.86.
Western Forest Products Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, September 16th. Investors of record on Friday, August 26th were given a $0.0097 dividend. The ex-dividend date of this dividend was Thursday, August 25th. This represents a yield of 3.21%.Western Forest Products Company Profile
(Get Rating)
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.
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