Western Forest Products (TSE:WEF) Director Buys C$247,046.00 in 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 acquired 20,200 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average price of C$12.23 per share, with a total value of C$247,046.00. Following the completion of the transaction, the director owned 1,609,800 shares of the company's stock, valued at approximately C$19,687,854. This trade represents a 1.27% increase in their ownership of the stock.

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 shares were acquired 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 shares were acquired at an average price of C$12.24 per share, with a total value of C$3,672.00.
• On Monday, September 8th, Elizabeth Kernaghan bought 1,100 shares of Western Forest Products stock. The stock was bought at an average cost 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 acquired at an average cost of C$12.20 per share, with a total value of C$69,540.00.
• On Monday, September 8th, Elizabeth Kernaghan acquired 14,900 shares of Western Forest Products stock. The shares were bought 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 acquired 3,500 shares of Western Forest Products stock. The stock was acquired at an average cost of C$12.25 per share, for a total transaction of C$42,875.00.
• On Tuesday, September 9th, Elizabeth Kernaghan acquired 400 shares of Western Forest Products stock. The stock was bought at an average cost of C$12.24 per share, with a total value of C$4,896.00.
• On Tuesday, September 9th, Elizabeth Kernaghan purchased 100 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.22 per share, with a total value of C$1,222.00.
• On Tuesday, September 9th, Elizabeth Kernaghan acquired 10,500 shares of Western Forest Products stock. The stock was purchased at an average cost of C$12.20 per share, with a total value 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, with a total value of C$90,280.00.

Western Forest Products Stock Performance

Shares of WEF traded down C$0.50 during mid-day trading on Tuesday, reaching C$12.90. The company's stock had a trading volume of 27,557 shares, compared to its average volume of 15,800. The company has a current ratio of 3.04, a quick ratio of 0.73 and a debt-to-equity ratio of 19.61. Western Forest Products Inc. has a 1-year low of C$10.80 and a 1-year high of C$17.40. The business has a 50-day simple moving average of C$12.48 and a two-hundred day simple moving average of C$12.27. The stock has a market cap of C$136.20 million, a P/E ratio of -5.75, a PEG ratio of 0.32 and a beta of 0.78.

Wall Street Analyst Weigh In

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

About Western Forest Products

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.