Western Forest Products Inc. (TSE:WEF - Get Free Report) insider Kernwood Limited acquired 6,356,500 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average cost of C$0.39 per share, for a total transaction of C$2,479,035.00.
Kernwood Limited also recently made the following trade(s):
- On Monday, June 9th, Kernwood Limited purchased 32,000 shares of Western Forest Products stock. The shares were purchased at an average cost of C$0.40 per share, for a total transaction of C$12,880.00.
Western Forest Products Price Performance
Shares of TSE:WEF remained flat at C$0.40 during midday trading on Friday. The stock had a trading volume of 222,615 shares, compared to its average volume of 375,224. 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 market cap of C$126.70 million, a P/E ratio of -2.90, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81. Western Forest Products Inc. has a 52-week low of C$0.36 and a 52-week high of C$0.58. The business has a 50-day simple moving average of C$0.40 and a two-hundred day simple moving average of C$0.42.
Analyst Upgrades and Downgrades
WEF has been the topic of several research analyst reports. Raymond James lowered their price target on Western Forest Products from C$0.50 to C$0.40 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Royal Bank of Canada lowered their price target on Western Forest Products from C$0.70 to C$0.50 and set a "sector perform" rating on the stock in a 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 report on Thursday, April 17th.
View Our Latest Research 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.
Further Reading
Before you consider Western Forest Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Western Forest Products wasn't on the list.
While Western Forest Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.