Elizabeth Kernaghan Purchases 20,200 Shares of Western Forest Products (TSE:WEF) Stock

Key Points

• Elizabeth Kernaghan, a director at Western Forest Products, purchased a total of 20,200 shares at an average price of C$12.23 each, increasing her ownership to 1,609,800 shares valued at C$19,687,854.
• Western Forest Products' stock rose by 2.2% to C$12.60, with a 52-week low of C$10.80 and a high of C$17.40.
• Analysts have set price targets for Western Forest Products, with a consensus rating of "Hold" and an average target price of C$13.38.

Western Forest Products Inc. (TSE:WEF - Get Free Report) Director Elizabeth Kernaghan purchased 20,200 shares of the business's stock in a transaction dated Monday, September 8th. The shares were acquired at an average price of C$12.23 per share, for a total transaction of C$247,046.00. Following the acquisition, the director owned 1,609,800 shares of the company's stock, valued at C$19,687,854. This trade represents a 1.27% increase in their position.

Elizabeth Kernaghan also recently made the following trade(s):

• On Monday, September 8th, Elizabeth Kernaghan bought 4,200 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.25 per share, for a total transaction of C$51,450.00.
• On Monday, September 8th, Elizabeth Kernaghan bought 300 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.24 per share, for a total transaction of C$3,672.00.
• On Monday, September 8th, Elizabeth Kernaghan bought 1,100 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.22 per share, for a total transaction of C$13,442.00.
• On Monday, September 8th, Elizabeth Kernaghan bought 5,700 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.20 per share, for a total transaction of C$69,540.00.
• On Monday, September 8th, Elizabeth Kernaghan bought 14,900 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.18 per share, for a total transaction of C$181,482.00.
• On Tuesday, September 9th, Elizabeth Kernaghan bought 3,500 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.25 per share, for a total transaction of C$42,875.00.
• On Tuesday, September 9th, Elizabeth Kernaghan bought 400 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.24 per share, for a total transaction of C$4,896.00.
• On Tuesday, September 9th, Elizabeth Kernaghan bought 100 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.22 per share, for a total transaction of C$1,222.00.
• On Tuesday, September 9th, Elizabeth Kernaghan bought 10,500 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.20 per share, for a total transaction of C$128,100.00.
• On Wednesday, September 10th, Elizabeth Kernaghan bought 7,400 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.20 per share, for a total transaction of C$90,280.00.

Western Forest Products Stock Up 2.2%

WEF traded up C$0.27 during midday trading on Thursday, hitting C$12.60. The company had a trading volume of 14,333 shares, compared to its average volume of 15,063. Western Forest Products Inc. has a 52 week low of C$10.80 and a 52 week high of C$17.40. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. The company has a market capitalization of C$133.03 million, a price-to-earnings ratio of -5.61, a PEG ratio of 0.32 and a beta of 0.78. The stock's 50 day moving average price is C$12.43 and its 200 day moving average price is C$12.30.

Analysts Set New Price Targets

WEF has been the subject of several recent research reports. Raymond James Financial boosted their target price on shares of Western Forest Products to C$10.00 in a research report on Friday, August 8th. Scotiabank increased their price target on shares of Western Forest Products to C$15.00 in a report on Friday, August 1st. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.

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