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

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited bought 4,900 shares of the stock in a transaction 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 acquisition, the insider directly owned 1,776,200 shares in the company, valued at approximately 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 purchased 5,000 shares of Western Forest Products stock. The stock was bought at an average cost of C$11.75 per share, for a total transaction of C$58,750.00.
• On Monday, November 3rd, Kernwood Limited purchased 9,600 shares of Western Forest Products stock. The stock was bought at an average price of C$11.70 per share, for a total transaction of C$112,320.00.
• On Monday, November 3rd, Kernwood Limited acquired 300 shares of Western Forest Products stock. The shares were 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 acquired 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 Wednesday, November 5th, Kernwood Limited bought 4,000 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$46,400.00.
• On Wednesday, November 5th, Kernwood Limited bought 900 shares of Western Forest Products stock. The shares were bought at an average price of C$11.59 per share, with a total value of C$10,431.00.
• On Wednesday, November 5th, Kernwood Limited purchased 100 shares of Western Forest Products stock. The stock was bought at an average cost of C$11.57 per share, with a total value of C$1,157.00.
• On Wednesday, November 5th, Kernwood Limited acquired 7,300 shares of Western Forest Products stock. The shares were purchased at an average cost 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 purchased at an average price of C$11.55 per share, with a total value of C$30,030.00.
• On Thursday, November 6th, Kernwood Limited bought 500 shares of Western Forest Products stock. The stock was purchased at an average cost of C$11.52 per share, with a total value of C$5,760.00.

Western Forest Products Trading Down 2.7%

WEF opened at C$11.30 on Friday. The firm’s fifty day moving average is C$12.30 and its two-hundred day moving average is C$12.23. The firm has a market cap of C$119.31 million, a PE ratio of -1.83, a price-to-earnings-growth ratio of 0.32 and a beta of 0.71. 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 quick ratio of 0.73 and a current ratio of 3.04.

Wall Street Analysts Forecast Growth

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

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.