Scotiabank Upgrades Earnings Forecast for Western Forest Products in 2026

Scotiabank Analysts Raise Profit Outlook for Western Forest Products in 2026 Market analysts from Scotiabank have upgraded their projected earnings per share (EPS) for Western Forest Products for the fiscal year 2026, increasing the estimate from $0.90 to $1.01. Despite this optimistic outlook, other financial institutions such as TD Securities and the Royal Bank of Canada have issued more conservative target prices, reflecting a cautious stance on the company's future prospects. In a sign of growing confidence, insider investor Kernwood Limited recently purchased 211,883 shares of Western Forest Products, valued at approximately C$2.48 million, indicating strong institutional belief in the company's potential. Western Forest Products, headquartered in Canada, specializes in softwood forest products, including timber harvesting, reforestation, and lumber manufacturing. The company's stock opened at C$13.19 and has experienced fluctuations within its 52-week range of C$10.80 to C$17.40. Despite a negative P/E ratio of -95.60, the company maintains a market capitalization of C$4.18 billion. While the company's current ratings suggest a hold, top analysts highlight alternative inv...