Western Forest Products (TSE:WEF) Director Elizabeth Kernaghan Purchases 7,400 Shares

Key Points

• Director Elizabeth Kernaghan of Western Forest Products acquired a total of 7,400 shares at an average cost of C$12.20 per share, increasing her ownership to approximately C$20.17 million.
• The company's stock price rose 2.2% to C$12.60 with a recent trading volume of 14,333 shares and a market capitalization of C$133.03 million.
• Analysts have set target prices for Western Forest Products, with Scotiabank lifting it to C$15.00, while the average target remains at C$13.38, indicating a consensus rating of "Hold."

Western Forest Products Inc. (TSE:WEF - Get Free Report) Director Elizabeth Kernaghan bought 7,400 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The stock was purchased at an average cost of C$12.20 per share, with a total value of C$90,280.00. Following the acquisition, the director directly owned 1,653,500 shares in the company, valued at C$20,172,700. This trade represents a 0.45% increase in their position.

Elizabeth Kernaghan also recently made the following trade(s):

• On Monday, September 8th, Elizabeth Kernaghan purchased 4,200 shares of Western Forest Products stock. The stock was bought at an average price of C$12.25 per share, for a total transaction of C$51,450.00.
• On Monday, September 8th, Elizabeth Kernaghan bought 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, Elizabeth Kernaghan purchased 20,200 shares of Western Forest Products stock. The shares were purchased at an average price of C$12.23 per share, with a total value of C$247,046.00.
• On Monday, September 8th, Elizabeth Kernaghan purchased 1,100 shares of Western Forest Products stock. The shares were purchased at an average price of C$12.22 per share, with a total value of C$13,442.00.
• On Monday, September 8th, Elizabeth Kernaghan purchased 5,700 shares of Western Forest Products stock. The shares were purchased at an average price of C$12.20 per share, with a total value of C$69,540.00.
• On Monday, September 8th, Elizabeth Kernaghan 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, Elizabeth Kernaghan 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, Elizabeth Kernaghan 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, Elizabeth Kernaghan purchased 100 shares of Western Forest Products stock. The shares were acquired at an average cost of C$12.22 per share, with a total value of C$1,222.00.
• On Tuesday, September 9th, Elizabeth Kernaghan purchased 10,500 shares of Western Forest Products stock. The shares were acquired at an average cost of C$12.20 per share, with a total value of C$128,100.00.

Western Forest Products Trading Down 3.7%

Shares of WEF stock traded down C$0.50 on Tuesday, reaching C$12.90. 27,557 shares of the company's stock were exchanged, compared to its average volume of 15,800. The company's fifty day simple moving average is C$12.48 and its 200 day simple moving average is C$12.27. The stock has a market capitalization of C$136.20 million, a PE ratio of -5.75, a P/E/G ratio of 0.32 and a beta of 0.78. Western Forest Products Inc. has a 52 week low of C$10.80 and a 52 week high of C$17.40. The company has a current ratio of 3.04, a quick ratio of 0.73 and a debt-to-equity ratio of 19.61.

Wall Street Analyst Weigh In

WEF has been the topic of several research reports. Raymond James Financial raised their price objective on Western Forest Products to C$10.00 in a report on Friday, August 8th. Scotiabank lifted their price target on Western Forest Products to C$15.00 in a report on Friday, August 1st. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.