Western Forest Products Inc. (TSE:WEF) Insider Kernwood Limited Buys 32,000 Shares

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited bought 32,000 shares of Western Forest Products stock in a transaction dated Monday, June 9th. The shares were acquired at an average cost of C$0.40 per share, for a total transaction of C$12,880.00.

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

• On Wednesday, June 11th, Kernwood Limited bought 6,356,500 shares of Western Forest Products stock. The shares were acquired at an average cost of C$0.39 per share, for a total transaction of C$2,479,035.00.

Western Forest Products Price Performance

Shares of WEF stock opened at C$0.40 on Thursday. The stock has a market cap of C$125.11 million, a price-to-earnings ratio of -2.86, a PEG ratio of 0.32 and a beta of 1.81. The business’s fifty day moving average is C$0.40 and its 200 day moving average is C$0.42. Western Forest Products Inc. has a twelve month low of C$0.36 and a twelve month high of C$0.58. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reduced their target price on Western Forest Products from C$0.70 to C$0.50 and set a “sector perform” rating on the stock in a research note on Tuesday, April 22nd. TD Securities reduced their price target on Western Forest Products from C$0.55 to C$0.45 and set a “hold” rating on the stock in a research note on Thursday, April 17th. Finally, Raymond James reduced their price target on Western Forest Products from C$0.50 to C$0.40 and set a “market perform” rating on the stock in a research note on Wednesday, April 30th.

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.