Western Forest Products (TSE:WEF) Insider Kernwood Limited Purchases 4,900 Shares

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited bought 4,900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average price of C$11.60 per share, with a total value of C$56,840.00. Following the purchase, the insider owned 1,776,200 shares of the company’s stock, valued at C$20,603,920. The trade was a 0.28% increase in their ownership of the stock.

Kernwood Limited also recently made the following trade(s):

• On Monday, November 3rd, Kernwood Limited purchased 5,000 shares of Western Forest Products stock. The shares were purchased at an average price of C$11.75 per share, for a total transaction of C$58,750.00.
• On Monday, November 3rd, Kernwood Limited purchased 9,600 shares of Western Forest Products stock. The shares were bought at an average cost of C$11.70 per share, for a total transaction of C$112,320.00.
• On Monday, November 3rd, Kernwood Limited purchased 300 shares of Western Forest Products stock. The shares were purchased at an average cost of C$11.69 per share, with a total value of C$3,507.00.
• On Monday, November 3rd, Kernwood Limited acquired 100 shares of Western Forest Products stock. The stock was bought at an average price of C$11.68 per share, with a total value of C$1,168.00.
• On Wednesday, November 5th, Kernwood Limited bought 4,000 shares of Western Forest Products stock. The shares were purchased at an average price of C$11.60 per share, for a total transaction of C$46,400.00.
• On Wednesday, November 5th, Kernwood Limited purchased 900 shares of Western Forest Products stock. The stock was acquired at an average price of C$11.59 per share, for a total transaction of C$10,431.00.
• On Wednesday, November 5th, Kernwood Limited purchased 100 shares of Western Forest Products stock. The stock was bought at an average cost of C$11.57 per share, with a total value of C$1,157.00.
• On Wednesday, November 5th, Kernwood Limited purchased 7,300 shares of Western Forest Products stock. The shares were purchased at an average cost of C$11.55 per share, for a total transaction of C$84,315.00.
• On Thursday, November 6th, Kernwood Limited purchased 2,600 shares of Western Forest Products stock. The stock was acquired at an average price of C$11.55 per share, with a total value of C$30,030.00.
• On Thursday, November 6th, Kernwood Limited acquired 500 shares of Western Forest Products stock. The shares were bought at an average cost of C$11.52 per share, with a total value of C$5,760.00.

Western Forest Products Trading Down 2.0%

WEF stock traded down C$0.23 during midday trading on Friday, reaching C$11.38. 37,054 shares of the company’s stock traded hands, compared to its average volume of 18,184. The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73. Western Forest Products Inc. has a fifty-two week low of C$10.80 and a fifty-two week high of C$14.70. The business has a 50-day moving average price of C$12.33 and a two-hundred day moving average price of C$12.22. The company has a market capitalization of C$120.15 million, a P/E ratio of -5.07, a PEG ratio of 0.32 and a beta of 0.71.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Raymond James Financial increased their target price on Western Forest Products to C$10.00 in a research report on Friday, August 8th. Scotiabank increased their price objective on shares of Western Forest Products to C$15.00 in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$13.38.

Western Forest Products Company Profile

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.