Western Forest Products Inc. (TSE:WEF – Get Free Report) insider Kernwood Limited sold 1,800 shares of the stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of C$19.05, for a total transaction of C$34,290.00. Following the sale, the insider owned 1,889,000 shares in the company, valued at approximately C$35,985,450. This trade represents a 0.10% decrease in their position.
Kernwood Limited also recently made the following trade(s):
- On Monday, June 15th, Kernwood Limited sold 2,100 shares of Western Forest Products stock. The stock was sold at an average price of C$19.16, for a total transaction of C$40,236.00.
- On Monday, June 15th, Kernwood Limited sold 600 shares of Western Forest Products stock. The shares were sold at an average price of C$19.11, for a total value of C$11,466.00.
- On Monday, June 15th, Kernwood Limited sold 2,500 shares of Western Forest Products stock. The shares were sold at an average price of C$19.06, for a total value of C$47,650.00.
- On Monday, June 15th, Kernwood Limited sold 1,000 shares of Western Forest Products stock. The stock was sold at an average price of C$19.25, for a total value of C$19,250.00.
- On Monday, June 15th, Kernwood Limited sold 500 shares of Western Forest Products stock. The stock was sold at an average price of C$19.19, for a total value of C$9,595.00.
- On Monday, June 15th, Kernwood Limited sold 200 shares of Western Forest Products stock. The stock was sold at an average price of C$19.18, for a total value of C$3,836.00.
- On Wednesday, June 17th, Kernwood Limited sold 300 shares of Western Forest Products stock. The shares were sold at an average price of C$19.14, for a total value of C$5,742.00.
- On Thursday, June 18th, Kernwood Limited sold 600 shares of Western Forest Products stock. The stock was sold at an average price of C$19.04, for a total value of C$11,424.00.
- On Thursday, June 18th, Kernwood Limited sold 100 shares of Western Forest Products stock. The stock was sold at an average price of C$19.01, for a total value of C$1,901.00.
- On Thursday, June 18th, Kernwood Limited sold 2,700 shares of Western Forest Products stock. The stock was sold at an average price of C$19.00, for a total value of C$51,300.00.
Western Forest Products Stock Performance
WEF stock opened at C$17.85 on Friday. Western Forest Products Inc. has a 1 year low of C$10.16 and a 1 year high of C$19.40. The stock has a market capitalization of C$188.46 million, a price-to-earnings ratio of -1.67, a PEG ratio of 0.32 and a beta of 0.22. The company has a debt-to-equity ratio of 15.10, a quick ratio of 0.73 and a current ratio of 2.63. The stock’s fifty day moving average is C$16.60 and its two-hundred day moving average is C$14.94.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on WEF. TD lifted their target price on Western Forest Products from C$17.00 to C$19.00 and gave the company a “hold” rating in a research note on Tuesday. Royal Bank Of Canada increased their price target on Western Forest Products from C$13.00 to C$14.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 16th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Western Forest Products currently has a consensus rating of “Hold” and a consensus target price of C$16.10.
Read Our Latest Research Report on WEF
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. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company’s largest markets and contribute the vast majority of its total revenue.
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