Western Forest Products Inc. (TSE:WEF) Insider Kernwood Limited Purchases 1,063,000 Shares

Western Forest Products Inc. (TSE:WEF - Get Free Report) insider Kernwood Limited acquired 1,063,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average price of C$0.39 per share, for a total transaction of C$409,255.00.

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

• On Wednesday, June 11th, Kernwood Limited bought 6,356,500 shares of Western Forest Products stock. The shares were acquired at an average cost of C$0.39 per share, with a total value of C$2,479,035.00.
• On Monday, June 9th, Kernwood Limited acquired 32,000 shares of Western Forest Products stock. The stock was acquired at an average price of C$0.40 per share, with a total value of C$12,880.00.

Western Forest Products Stock Performance

TSE WEF traded down C$0.01 during trading hours on Wednesday, hitting C$0.40. The company had a trading volume of 225,881 shares, compared to its average volume of 398,440. The business has a 50 day moving average of C$0.40 and a 200-day moving average of C$0.41. The company has a market cap of C$125.11 million, a PE ratio of -2.86, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. Western Forest Products Inc. has a 1-year low of C$0.36 and a 1-year high of C$0.58. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on WEF. Royal Bank Of Canada lowered their price target on shares of Western Forest Products from C$0.70 to C$0.50 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd. TD Securities decreased their target price on shares of Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, Raymond James Financial cut their price objective on Western Forest Products from C$0.50 to C$0.40 and set a "market perform" rating for the company in a research report on Wednesday, April 30th.

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.