Insider Buying: Western Forest Products (TSE:WEF) Insider Acquires 7,400 Shares of Stock

Key Points

• Kernwood Limited, an insider at Western Forest Products, purchased an additional 7,400 shares at an average price of C$12.20, increasing their ownership to 1,653,500 shares valued at approximately C$20.17 million.
• Western Forest Products shares recently traded up to C$12.60, with a market capitalization of C$133.03 million and a 52-week high of C$17.40.
• Analysts have given Western Forest Products an average rating of "Hold" with a consensus price target of C$13.38, while Scotiabank recently raised their price objective to C$15.00.

Western Forest Products Inc. (TSE:WEF - Get Free Report) insider Kernwood Limited bought 7,400 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were acquired at an average cost of C$12.20 per share, for a total transaction of C$90,280.00. Following the transaction, the insider directly owned 1,653,500 shares in the company, valued at approximately C$20,172,700. This trade represents a 0.45% increase in their position.

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

• On Monday, September 8th, Kernwood Limited purchased 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, Kernwood Limited purchased 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, Kernwood Limited purchased 20,200 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.23 per share, for a total transaction of C$247,046.00.
• On Monday, September 8th, Kernwood Limited bought 1,100 shares of Western Forest Products stock. The stock was bought at an average price of C$12.22 per share, with a total value of C$13,442.00.
• On Monday, September 8th, Kernwood Limited acquired 5,700 shares of Western Forest Products stock. The stock was acquired at an average cost of C$12.20 per share, for a total transaction of C$69,540.00.
• On Monday, September 8th, Kernwood Limited acquired 14,900 shares of Western Forest Products stock. The stock was acquired at an average cost of C$12.18 per share, for a total transaction of C$181,482.00.
• On Tuesday, September 9th, Kernwood Limited 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, Kernwood Limited acquired 400 shares of Western Forest Products stock. The stock was acquired at an average cost of C$12.24 per share, for a total transaction of C$4,896.00.
• On Tuesday, September 9th, Kernwood Limited bought 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, Kernwood Limited bought 10,500 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$128,100.00.

Western Forest Products Stock Performance

Shares of WEF traded up C$0.27 during trading hours on Thursday, hitting C$12.60. The stock had a trading volume of 14,333 shares, compared to its average volume of 15,063. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04. The firm has a 50-day moving average price of C$12.43 and a 200 day moving average price of C$12.30. Western Forest Products Inc. has a fifty-two week low of C$10.80 and a fifty-two week high of C$17.40. The firm 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.

Wall Street Analysts Forecast Growth

WEF has been the subject of a number of research analyst reports. Scotiabank upped their price objective on shares of Western Forest Products to C$15.00 in a research report on Friday, August 1st. Raymond James Financial raised their price objective on shares of Western Forest Products to C$10.00 in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Western Forest Products 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.

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