Kernwood Limited Buys 4,900 Shares of Western Forest Products (TSE:WEF) Stock

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited purchased 4,900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were acquired at an average cost of C$11.60 per share, with a total value of C$56,840.00. Following the completion of the transaction, the insider owned 1,776,200 shares in the company, valued at C$20,603,920. This trade represents a 0.28% increase in their position.

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 price of C$11.75 per share, for a total transaction of C$58,750.00.
• On Monday, November 3rd, Kernwood Limited acquired 9,600 shares of Western Forest Products stock. The stock was acquired at an average cost of C$11.70 per share, with a total value of C$112,320.00.
• On Monday, November 3rd, Kernwood Limited purchased 300 shares of Western Forest Products stock. The stock was bought at an average cost 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 stock was purchased at an average price of C$11.68 per share, with a total value of C$1,168.00.
• On Wednesday, November 5th, Kernwood Limited acquired 4,000 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$46,400.00.
• On Wednesday, November 5th, Kernwood Limited bought 900 shares of Western Forest Products stock. The shares were purchased 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 purchased 100 shares of Western Forest Products stock. The stock was acquired at an average price of C$11.57 per share, for a total transaction of C$1,157.00.
• On Wednesday, November 5th, Kernwood Limited bought 7,300 shares of Western Forest Products stock. The stock was 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 acquired 2,600 shares of Western Forest Products stock. The shares were bought at an average cost of C$11.55 per share, with a total value of C$30,030.00.
• On Thursday, November 6th, Kernwood Limited acquired 500 shares of Western Forest Products stock. The shares were purchased at an average cost of C$11.52 per share, with a total value of C$5,760.00.

Western Forest Products Stock Performance

Western Forest Products stock opened at C$11.30 on Friday. Western Forest Products Inc. has a fifty-two week low of C$10.80 and a fifty-two week high of C$14.70. The firm’s 50 day simple moving average is C$12.30 and its 200-day simple moving average is C$12.23. 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 has a market cap of C$119.31 million, a P/E ratio of -1.83, a price-to-earnings-growth ratio of 0.32 and a beta of 0.71.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Raymond James Financial increased their price objective on Western Forest Products to C$10.00 in a report on Friday, August 8th. Scotiabank upped their price target on Western Forest Products to C$15.00 in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$13.38.

Western Forest Products Company Profile

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.