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WesternOne Equity Income Fund (TSE:WEQ) target price reduced to $0.08, reported today by Raymond James

Boasting a price of $0.07, WesternOne Equity Income Fund (TSE:WEQ) traded 0.00% even on the day. The last stock close is down 79.14% from the 200-day average, compared to the S&P 500 which has decreased -0.01% over the same time. WEQ has logged a 50-day average of $0.07 and 200-day moving average of $0.24. Trading volume was was down over the average, with 162,500 shares of WEQ changing hands under the typical 983,984 shares.

In an issued report on 8/22/2016 Raymond James bumped down the target price of WesternOne Equity Income Fund (TSE:WEQ) from $0 to $0 stating a possible upsideof 0.14%.

Recent Performance Graphic:

WesternOne Equity Income Fund (TSE:WEQ)

In addition to Raymond James reporting it’s stock price target, a total of 1 broker has released a ratings update on the stock. The 12-month target is $0.06 with 0 rating the stock a strong buy, 0 rating the company a buy, 0 firms rating the stock a hold, 0 rating the company to underperform, and finally 0 brokerages rating the stock as sell.

WesternOne Equity Income Fund has a 52 week low of $0.05 and a 52 week high of $0.82. WesternOne Equity Income Fund’s market capitalization is presently $0.0.

About WesternOne Equity Income Fund (TSE:WEQ)

WesternOne Inc. is a Canada-based company focused on acquiring businesses in the construction and infrastructure services sectors. The Company’s segments include heat services and aerial equipment (WIS), and modular building construction and rentals, Britco LP (Britco). WIS operates under the brand, WesternOne Infrastructure Services and provides heat and related services to the construction, infrastructure and oil and gas sectors, and aerial equipment for construction, television and movie production. WIS has approximately 10 locations in British Columbia (BC) and Alberta. Britco provides modular construction solutions, with design-build capabilities, for permanent applications, such as multi-user buildings, hotels and lodges, offices, and relocatable structures, and such as workforce accommodations. Britco also provides temporary space rental solutions to customers. Britco has approximately four modular construction facilities in Canada and the United States.

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