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 bought 10,500 shares of the firm's stock in a transaction on Tuesday, September 9th. The shares were bought 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 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 acquired 4,200 shares of Western Forest Products stock. The shares were acquired at an average cost 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 cost of C$12.24 per share, with a total value of C$3,672.00.
• On Monday, September 8th, Elizabeth Kernaghan 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, Elizabeth Kernaghan 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, Elizabeth Kernaghan bought 5,700 shares of Western Forest Products stock. The shares were acquired at an average price of C$12.20 per share, for a total transaction of C$69,540.00.
• On Monday, September 8th, Elizabeth Kernaghan bought 14,900 shares of Western Forest Products stock. The shares were acquired at an average price of C$12.18 per share, for a total transaction of C$181,482.00.
• On Tuesday, September 9th, Elizabeth Kernaghan acquired 3,500 shares of Western Forest Products stock. The stock was purchased at an average cost of C$12.25 per share, for a total transaction of C$42,875.00.
• On Tuesday, September 9th, Elizabeth Kernaghan acquired 400 shares of Western Forest Products stock. The stock was purchased at an average cost of C$12.24 per share, for a total transaction of C$4,896.00.
• On Tuesday, September 9th, Elizabeth Kernaghan bought 100 shares of Western Forest Products stock. The shares were bought at an average cost of C$12.22 per share, for a total transaction of C$1,222.00.
• On Wednesday, September 10th, Elizabeth Kernaghan bought 7,400 shares of Western Forest Products stock. The shares were bought at an average cost of C$12.20 per share, for a total transaction of C$90,280.00.

Western Forest Products Stock Up 2.2%

Shares of TSE WEF traded up C$0.27 during midday trading on Thursday, reaching C$12.60. 14,333 shares of the company's stock traded hands, compared to its average volume of 15,063. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. The stock's 50 day simple moving average is C$12.43 and its 200-day simple moving average is C$12.30. Western Forest Products Inc. has a one year low of C$10.80 and a one year high of C$17.40. The company has a market cap of C$133.03 million, a price-to-earnings ratio of -5.61, a P/E/G ratio of 0.32 and a beta of 0.78.

Analyst Upgrades and Downgrades

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

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