Western Forest Products Inc. (TSE:WEF - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$12.31 and last traded at C$12.23, with a volume of 4642 shares changing hands. The stock had previously closed at C$0.41.
Analyst Upgrades and Downgrades
WEF has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their price objective 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 report on Tuesday, April 22nd. TD Securities lowered their target price on Western Forest Products from C$0.55 to C$0.45 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Raymond James Financial lowered their target price on Western Forest Products from C$0.50 to C$0.40 and set a "market perform" rating for the company in a research report on Wednesday, April 30th.
Check Out Our Latest Report on Western Forest Products
Western Forest Products Price Performance
The firm has a 50 day simple moving average of C$0.40 and a 200-day simple moving average of C$0.41. 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 company has a market cap of C$3.88 billion, a PE ratio of -88.72, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81.
Insiders Place Their Bets
In other news, insider Kernwood Limited bought 1,063,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was purchased at an average price of C$0.39 per share, with a total value of C$409,255.00. Insiders bought a total of 7,451,500 shares of company stock valued at $2,901,170 over the last three months. 0.67% of the stock is currently owned by company insiders.
About Western Forest Products
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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
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