Western Forest Products (TSE:WEF) Insider Kernwood Limited Purchases 9,600 Shares

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited purchased 9,600 shares of the stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of C$11.70 per share, with a total value of C$112,320.00. Following the transaction, the insider directly owned 1,770,900 shares in the company, valued at C$20,719,530. The trade was a 0.55% increase in their ownership of the stock.

Kernwood Limited also recently made the following trade(s):

• On Monday, November 3rd, Kernwood Limited acquired 5,000 shares of Western Forest Products stock. The shares were acquired at an average cost of C$11.75 per share, for a total transaction of C$58,750.00.
• On Monday, November 3rd, Kernwood Limited purchased 300 shares of Western Forest Products stock. The shares were purchased at an average price of C$11.69 per share, for a total transaction of C$3,507.00.
• On Monday, November 3rd, Kernwood Limited bought 100 shares of Western Forest Products stock. The shares were bought at an average price of C$11.68 per share, for a total transaction of C$1,168.00.
• On Tuesday, November 4th, Kernwood Limited acquired 4,900 shares of Western Forest Products stock. The stock was acquired at an average cost of C$11.60 per share, with a total value of C$56,840.00.
• On Wednesday, November 5th, Kernwood Limited bought 4,000 shares of Western Forest Products stock. The shares were acquired at an average cost of C$11.60 per share, for a total transaction of C$46,400.00.
• On Wednesday, November 5th, Kernwood Limited purchased 900 shares of Western Forest Products stock. The stock was acquired at an average price of C$11.59 per share, with a total value of C$10,431.00.
• On Wednesday, November 5th, Kernwood Limited acquired 100 shares of Western Forest Products stock. The shares were bought at an average cost of C$11.57 per share, with a total value of C$1,157.00.
• On Wednesday, November 5th, Kernwood Limited acquired 7,300 shares of Western Forest Products stock. The shares were bought at an average price of C$11.55 per share, for a total transaction of C$84,315.00.
• On Thursday, November 6th, Kernwood Limited bought 2,600 shares of Western Forest Products stock. The shares were bought at an average price of C$11.55 per share, with a total value of C$30,030.00.
• On Thursday, November 6th, Kernwood Limited purchased 500 shares of Western Forest Products stock. The stock was bought at an average price of C$11.52 per share, for a total transaction of C$5,760.00.

Western Forest Products Price Performance

Shares of WEF traded down C$0.23 during midday trading on Friday, hitting C$11.38. 37,054 shares of the company traded hands, compared to its average volume of 18,184. The stock has a market cap of C$120.15 million, a price-to-earnings ratio of -5.07, a PEG ratio of 0.32 and a beta of 0.71. The firm has a 50 day moving average of C$12.33 and a 200-day moving average of C$12.22. The company has a debt-to-equity ratio of 19.61, a quick ratio of 0.73 and a current ratio of 3.04. Western Forest Products Inc. has a 52 week low of C$10.80 and a 52 week high of C$14.70.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Scotiabank boosted their target price on shares of Western Forest Products to C$15.00 in a report on Friday, August 1st. Raymond James Financial boosted their price objective 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.