Western Forest Products Inc. (TSE:WEF - Get Free Report) insider Kernwood Limited bought 1,063,000 shares of Western Forest Products stock in a transaction on Wednesday, June 25th. The stock was acquired at an average cost of C$0.39 per share, with a total value of C$409,255.00.
Kernwood Limited also recently made the following trade(s):
- On Wednesday, June 11th, Kernwood Limited purchased 6,356,500 shares of Western Forest Products stock. The stock was purchased at an average price of C$0.39 per share, for a total transaction of C$2,479,035.00.
- On Monday, June 9th, Kernwood Limited acquired 32,000 shares of Western Forest Products stock. The stock was purchased at an average cost of C$0.40 per share, with a total value of C$12,880.00.
Western Forest Products Trading Down 2.5%
Shares of Western Forest Products stock traded down C$0.01 during trading hours on Friday, reaching C$0.39. The stock had a trading volume of 347,500 shares, compared to its average volume of 400,924. The firm has a market capitalization of C$123.53 million, a price-to-earnings ratio of -2.83, a P/E/G 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 current ratio of 3.04, a quick ratio of 0.73 and a debt-to-equity ratio of 19.61. The firm has a 50 day simple moving average of C$0.40 and a two-hundred day simple moving average of C$0.41.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Raymond James Financial cut their target price on shares of 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. TD Securities cut their target price on shares of Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, 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 for the company in a report on Tuesday, April 22nd.
Check Out Our Latest Analysis on WEF
About Western Forest Products
(
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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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