Western Forest Products (TSE:WEF) Director Acquires C$56,840.00 in Stock

Western Forest Products Inc. (TSE:WEF) Director Elizabeth Kernaghan bought 4,900 shares of the business’s stock in a transaction on Tuesday, November 4th. The stock was acquired at an average cost of C$11.60 per share, for a total transaction of C$56,840.00. Following the completion of the transaction, the director owned 1,776,200 shares in the company, valued at C$20,603,920. This represents a 0.28% increase in their ownership of the stock.

Elizabeth Kernaghan also recently made the following trade(s):

• On Monday, November 3rd, Elizabeth Kernaghan purchased 5,000 shares of Western Forest Products stock. The shares were purchased at an average cost of C$11.75 per share, for a total transaction of C$58,750.00.
• On Monday, November 3rd, Elizabeth Kernaghan purchased 9,600 shares of Western Forest Products stock. The stock was bought at an average cost of C$11.70 per share, for a total transaction of C$112,320.00.
• On Monday, November 3rd, Elizabeth Kernaghan acquired 300 shares of Western Forest Products stock. The shares were acquired at an average price of C$11.69 per share, with a total value of C$3,507.00.
• On Monday, November 3rd, Elizabeth Kernaghan acquired 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 Wednesday, November 5th, Elizabeth Kernaghan bought 4,000 shares of Western Forest Products stock. The stock was acquired at an average price of C$11.60 per share, for a total transaction of C$46,400.00.
• On Wednesday, November 5th, Elizabeth Kernaghan acquired 900 shares of Western Forest Products stock. The shares were purchased at an average cost of C$11.59 per share, with a total value of C$10,431.00.
• On Wednesday, November 5th, Elizabeth Kernaghan purchased 100 shares of Western Forest Products stock. The shares were acquired at an average cost of C$11.57 per share, for a total transaction of C$1,157.00.
• On Wednesday, November 5th, Elizabeth Kernaghan acquired 7,300 shares of Western Forest Products stock. The shares were purchased at an average cost of C$11.55 per share, with a total value of C$84,315.00.
• On Thursday, November 6th, Elizabeth Kernaghan purchased 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, Elizabeth Kernaghan acquired 500 shares of Western Forest Products stock. The stock was acquired at an average price of C$11.52 per share, for a total transaction of C$5,760.00.

Western Forest Products Stock Performance

Shares of TSE WEF traded down C$0.23 during trading hours on Friday, reaching C$11.38. The stock had a trading volume of 37,054 shares, compared to its average volume of 18,184. Western Forest Products Inc. has a twelve month low of C$10.80 and a twelve month high of C$14.70. 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 business’s fifty day moving average is C$12.33 and its two-hundred day moving average is C$12.22. The company 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.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WEF. Raymond James Financial raised their price objective on Western Forest Products to C$10.00 in a research note on Friday, August 8th. Scotiabank lifted their price objective on shares of 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 data from MarketBeat, Western Forest Products has a consensus 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.