Western Forest Products Inc. (TSE:WEF - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$12.31 and last traded at C$12.23, with a volume of 4642 shares trading hands. The stock had previously closed at C$0.41.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. TD Securities decreased their price target on shares of Western Forest Products from C$16.50 to C$13.50 and set a "hold" rating for the company in a research report on Thursday, April 17th. Royal Bank Of Canada decreased their price target on shares of Western Forest Products from C$21.00 to C$15.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 22nd. Finally, Raymond James Financial decreased their price target on shares of Western Forest Products from C$15.00 to C$12.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th.
View Our Latest Analysis on WEF
Western Forest Products Stock Performance
The company has a debt-to-equity ratio of 19.61, a current ratio of 3.04 and a quick ratio of 0.73. The company's 50-day moving average price is C$12.08 and its two-hundred day moving average price is C$12.32. The company has a market capitalization of C$4.22 billion, a price-to-earnings ratio of -96.55, a PEG ratio of 0.32 and a beta of 1.81.
Insider Transactions at Western Forest Products
In related news, insider Kernwood Limited bought 211,883 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average cost of C$11.70 per share, with a total value of C$2,479,031.10. Insiders have acquired 248,382 shares of company stock worth $2,901,154 over the last 90 days. 0.67% of the stock is owned by corporate insiders.
Western Forest Products Company Profile
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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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