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

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited bought 32,000 shares of the stock in a transaction on Monday, June 9th. The stock was purchased at an average price 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 purchased 6,356,500 shares of Western Forest Products stock. The shares were purchased at an average price of C$0.39 per share, for a total transaction of C$2,479,035.00.

Western Forest Products Price Performance

Western Forest Products stock opened at C$0.40 on Friday. The company’s 50 day moving average price is C$0.40 and its two-hundred day moving average price is C$0.42. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. Western Forest Products Inc. has a 52 week low of C$0.36 and a 52 week high of C$0.58. The stock has a market cap of C$126.70 million, a P/E ratio of -2.90, a P/E/G ratio of 0.32 and a beta of 1.81.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WEF shares. Royal Bank of Canada cut their price target 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. Raymond James dropped their price target on shares of Western Forest Products from C$0.50 to C$0.40 and set a “market perform” rating for the company in a research report on Wednesday, April 30th. Finally, TD Securities lowered their price objective on shares of Western Forest Products from C$0.55 to C$0.45 and set a “hold” rating for the company in a research report on Thursday, April 17th.

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.