Kernwood Limited Buys 10,500 Shares of Western Forest Products (TSE:WEF) Stock

Key Points

• Kernwood Limited purchased an additional 10,500 shares of Western Forest Products at an average price of C$12.20, increasing its total holdings to 1,646,100 shares.
• The stock of Western Forest Products has recently traded up by 2.2% to C$12.60, with the company having a market capitalization of C$133.03 million.
• Analysts have given Western Forest Products a consensus rating of "Hold" with a target price ranging from C$10.00 to C$15.00.

Western Forest Products Inc. (TSE:WEF - Get Free Report) insider Kernwood Limited acquired 10,500 shares of Western Forest Products stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average price of C$12.20 per share, with a total value of C$128,100.00. Following the completion of the purchase, the insider directly owned 1,646,100 shares in the company, valued at C$20,082,420. This represents a 0.64% 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 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 stock was 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 acquired 20,200 shares of Western Forest Products stock. The shares were bought 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 acquired 1,100 shares of Western Forest Products stock. The shares were bought 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 acquired 5,700 shares of Western Forest Products stock. The shares were bought 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 shares were 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 bought 3,500 shares of Western Forest Products stock. The stock was acquired at an average price of C$12.25 per share, for a total transaction of C$42,875.00.
• On Tuesday, September 9th, Kernwood Limited bought 400 shares of Western Forest Products stock. The stock was acquired at an average price 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 acquired at an average price of C$12.22 per share, for a total transaction of C$1,222.00.
• On Wednesday, September 10th, Kernwood Limited bought 7,400 shares of Western Forest Products stock. The stock was acquired at an average price of C$12.20 per share, for a total transaction of C$90,280.00.

Western Forest Products Trading Up 2.2%

TSE:WEF traded up C$0.27 during trading hours on Thursday, reaching C$12.60. The company's stock had a trading volume of 14,333 shares, compared to its average volume of 15,063. 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. The firm has a 50-day simple moving average of C$12.43 and a 200-day simple moving average of C$12.30. Western Forest Products Inc. has a 1 year low of C$10.80 and a 1 year high of C$17.40. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04.

Analyst Ratings Changes

A number of equities analysts recently commented on WEF shares. Raymond James Financial lifted their target price on shares of Western Forest Products to C$10.00 in a research report on Friday, August 8th. Scotiabank boosted their price objective on shares of Western Forest Products to C$15.00 in a research report on Friday, August 1st. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.

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