Western Forest Products (TSE:WEF) Insider Kernwood Limited Purchases 7,400 Shares

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 purchased 7,400 shares of the stock in a transaction on Wednesday, September 10th. The shares were purchased at an average cost of C$12.20 per share, with a total value of C$90,280.00. Following the transaction, the insider owned 1,653,500 shares in the company, valued at 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 shares were purchased at an average cost of C$12.25 per share, with a total value of C$51,450.00.
• On Monday, September 8th, Kernwood Limited purchased 300 shares of Western Forest Products stock. The shares were purchased at an average cost of C$12.24 per share, with a total value of C$3,672.00.
• On Monday, September 8th, Kernwood Limited purchased 20,200 shares of Western Forest Products stock. The shares were purchased at an average cost of C$12.23 per share, with a total value of C$247,046.00.
• On Monday, September 8th, Kernwood Limited purchased 1,100 shares of Western Forest Products stock. The shares were purchased at an average cost of C$12.22 per share, with a total value of C$13,442.00.
• On Monday, September 8th, Kernwood Limited purchased 5,700 shares of Western Forest Products stock. The shares were purchased at an average cost of C$12.20 per share, with a total value of C$69,540.00.
• On Monday, September 8th, Kernwood Limited acquired 14,900 shares of Western Forest Products stock. The stock was bought at an average cost of C$12.18 per share, with a total value of C$181,482.00.
• On Tuesday, September 9th, Kernwood Limited acquired 3,500 shares of Western Forest Products stock. The stock was bought at an average cost of C$12.25 per share, with a total value of C$42,875.00.
• On Tuesday, September 9th, Kernwood Limited 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, Kernwood Limited acquired 100 shares of Western Forest Products stock. The stock was bought at an average cost of C$12.22 per share, with a total value of C$1,222.00.
• On Tuesday, September 9th, Kernwood Limited acquired 10,500 shares of Western Forest Products stock. The stock was bought at an average cost of C$12.20 per share, with a total value of C$128,100.00.

Western Forest Products Stock Performance

Shares of WEF stock traded down C$0.50 on Tuesday, hitting C$12.90. The company had a trading volume of 27,557 shares, compared to its average volume of 15,800. The firm has a market cap of C$136.20 million, a P/E ratio of -5.75, a price-to-earnings-growth ratio of 0.32 and a beta of 0.78. The company has a 50-day moving average price of C$12.48 and a 200-day moving average price of C$12.27. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. Western Forest Products Inc. has a twelve month low of C$10.80 and a twelve month high of C$17.40.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WEF. Scotiabank boosted their price objective on Western Forest Products to C$15.00 in a report on Friday, August 1st. Raymond James Financial upped their price target on Western Forest Products to C$10.00 in a report on Friday, August 8th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Western Forest Products currently has an average rating of "Hold" and an average 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.