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

Western Forest Products Inc. (TSE:WEFGet Free Report) insider Kernwood Limited bought 9,600 shares of Western Forest Products stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average cost of C$11.70 per share, for a total transaction of C$112,320.00. Following the completion of the transaction, the insider directly owned 1,770,900 shares in the company, valued at C$20,719,530. This represents 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 purchased 5,000 shares of Western Forest Products stock. The shares were acquired at an average price of C$11.75 per share, for a total transaction of C$58,750.00.
  • On Monday, November 3rd, Kernwood Limited acquired 300 shares of Western Forest Products stock. The stock was bought at an average cost of C$11.69 per share, with a total value of C$3,507.00.
  • On Monday, November 3rd, Kernwood Limited bought 100 shares of Western Forest Products stock. The stock was bought at an average price of C$11.68 per share, with a total value of C$1,168.00.
  • On Tuesday, November 4th, Kernwood Limited purchased 4,900 shares of Western Forest Products stock. The shares were bought at an average price of C$11.60 per share, for a total transaction of C$56,840.00.
  • On Wednesday, November 5th, Kernwood Limited acquired 4,000 shares of Western Forest Products stock. The shares were bought at an average price of C$11.60 per share, with a total value of C$46,400.00.
  • On Wednesday, November 5th, Kernwood Limited acquired 900 shares of Western Forest Products stock. The shares were bought at an average cost of C$11.59 per share, for a total transaction of C$10,431.00.
  • On Wednesday, November 5th, Kernwood Limited bought 100 shares of Western Forest Products stock. The stock was purchased at an average price of C$11.57 per share, with a total value of C$1,157.00.
  • On Wednesday, November 5th, Kernwood Limited bought 7,300 shares of Western Forest Products stock. The shares were acquired 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 acquired at an average cost of C$11.55 per share, for a total transaction of C$30,030.00.
  • On Thursday, November 6th, Kernwood Limited bought 500 shares of Western Forest Products stock. The shares were acquired at an average cost of C$11.52 per share, with a total value of C$5,760.00.

Western Forest Products Trading Down 2.0%

WEF traded down C$0.23 during mid-day trading on Friday, hitting C$11.38. 37,054 shares of the stock were exchanged, compared to its average volume of 18,184. The firm’s fifty day moving average is C$12.33 and its two-hundred day moving average is C$12.22. Western Forest Products Inc. has a 1-year low of C$10.80 and a 1-year high of C$14.70. The company has a market cap of C$120.15 million, a PE ratio of -5.07, a PEG ratio of 0.32 and a beta of 0.71. 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

WEF has been the subject of several analyst reports. Scotiabank boosted their target price on shares of Western Forest Products to C$15.00 in a research note on Friday, August 1st. Raymond James Financial lifted their target price on shares of Western Forest Products to C$10.00 in a research note on Friday, August 8th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$13.38.

Read Our Latest Stock Report on WEF

Western Forest Products Company Profile

(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.

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Insider Buying and Selling by Quarter for Western Forest Products (TSE:WEF)

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