Western Forest Products Inc. (TSE:WEF - Get Free Report) insider Kernwood Limited bought 32,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average cost of C$0.40 per share, for a total transaction of C$12,880.00.
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 acquired at an average cost of C$0.39 per share, for a total transaction of C$2,479,035.00.
Western Forest Products Stock Performance
Shares of WEF stock remained flat at C$0.40 on Wednesday. 7,821,394 shares of the company traded hands, compared to its average volume of 375,208. The stock 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. The firm's 50 day moving average is C$0.40 and its two-hundred day moving average is C$0.42. 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 52 week low of C$0.36 and a 52 week high of C$0.58.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Raymond James cut their price target 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 note on Wednesday, April 30th. Royal Bank of Canada cut their target price 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 research report on Tuesday, April 22nd. Finally, TD Securities lowered their price target on Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating on the stock in a research report on Thursday, April 17th.
Check Out Our Latest Report on WEF
About Western Forest Products
(
Get Free Report)
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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