Western Forest Products Inc. (TSE:WEF) Insider Purchases C$44,500.00 in Stock

Western Forest Products Inc. (TSE:WEF) insider Kernwood Limited bought 100,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was bought at an average cost of C$0.45 per share, for a total transaction of C$44,500.00.

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 stock was bought at an average cost of C$0.39 per share, for a total transaction of C$2,479,035.00.
• On Monday, June 9th, Kernwood Limited purchased 32,000 shares of Western Forest Products stock. The shares were acquired at an average cost of C$0.40 per share, for a total transaction of C$12,880.00.

Western Forest Products Stock Performance

Shares of WEF opened at C$0.40 on Friday. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. The business has a 50-day simple moving average of C$0.40 and a two-hundred day simple moving average of C$0.42. The stock has a market cap of C$126.70 million, a price-to-earnings ratio of -2.90, a PEG ratio of 0.32 and a beta of 1.81. Western Forest Products Inc. has a 52 week low of C$0.36 and a 52 week high of C$0.58.

Analysts Set New Price Targets

WEF has been the topic of a number of research analyst reports. TD Securities lowered 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 report on Thursday, April 17th. Royal Bank of Canada lowered 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 report on Tuesday, April 22nd. Finally, Raymond James reduced their price objective on 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.

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.