Western Forest Products (TSE:WEF) Director Elizabeth Kernaghan Purchases 10,500 Shares

Key Points

• Elizabeth Kernaghan, Director of Western Forest Products, purchased a total of 10,500 shares at an average price of C$12.20 per share, increasing her ownership to approximately C$20 million.
• Western Forest Products' stock surged 2.2% to C$12.60 in midday trading, reaching a market capitalization of C$133.03 million.
• Analyst ratings for the stock vary, with a consensus rating of "Hold" and a price target range between C$10.00 and C$15.00 from different analysts.

Western Forest Products Inc. (TSE:WEF - Get Free Report) Director Elizabeth Kernaghan acquired 10,500 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average price of C$12.20 per share, for a total transaction of C$128,100.00. Following the completion of the transaction, the director owned 1,646,100 shares in the company, valued at approximately C$20,082,420. The trade was a 0.64% increase in their position.

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

• On Monday, September 8th, Elizabeth Kernaghan bought 4,200 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.25 per share, with a total value 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, with a total value of C$3,672.00.
• On Monday, September 8th, Elizabeth Kernaghan bought 20,200 shares of Western Forest Products stock. The stock was 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 bought 1,100 shares of Western Forest Products stock. The stock was 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 bought 5,700 shares of Western Forest Products stock. The stock was 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 bought 14,900 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.18 per share, with a total value of C$181,482.00.
• On Tuesday, September 9th, Elizabeth Kernaghan bought 3,500 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.25 per share, with a total value of C$42,875.00.
• On Tuesday, September 9th, Elizabeth Kernaghan bought 400 shares of Western Forest Products stock. The stock was purchased at an average price of C$12.24 per share, with a total value of C$4,896.00.
• On Tuesday, September 9th, Elizabeth Kernaghan acquired 100 shares of Western Forest Products stock. The shares were bought at an average price of C$12.22 per share, with a total value of C$1,222.00.
• On Wednesday, September 10th, Elizabeth Kernaghan acquired 7,400 shares of Western Forest Products stock. The shares were bought at an average price of C$12.20 per share, with a total value of C$90,280.00.

Western Forest Products Stock Down 3.7%

TSE:WEF traded down C$0.50 during trading hours on Tuesday, reaching C$12.90. 27,557 shares of the company traded hands, compared to its average volume of 15,800. The business's 50-day moving average price is C$12.48 and its two-hundred day moving average price is C$12.27. The stock has a market capitalization of C$136.20 million, a P/E ratio of -5.75, a P/E/G ratio of 0.32 and a beta of 0.78. 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 current ratio of 3.04, a quick ratio of 0.73 and a debt-to-equity ratio of 19.61.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Scotiabank lifted their price objective on Western Forest Products to C$15.00 in a research note on Friday, August 1st. Raymond James Financial boosted their price target on Western Forest Products to C$10.00 in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and an average 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.