Western Forest Products Inc. (TSE:WEF - Get Free Report) Director Elizabeth Kernaghan sold 1,800 shares of Western Forest Products stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of C$19.05, for a total value of C$34,290.00. Following the completion of the transaction, the director directly owned 1,889,000 shares in the company, valued at approximately C$35,985,450. This represents a 0.10% decrease in their ownership of the stock.
Western Forest Products Stock Performance
Shares of WEF stock opened at C$17.85 on Friday. The stock has a market capitalization of C$188.46 million, a PE ratio of -1.67, a PEG ratio of 0.32 and a beta of 0.22. The business's 50 day simple moving average is C$16.60 and its 200 day simple moving average is C$14.94. The company has a debt-to-equity ratio of 15.10, a current ratio of 2.63 and a quick ratio of 0.73. Western Forest Products Inc. has a one year low of C$10.16 and a one year high of C$19.40.
Western Forest Products (TSE:WEF - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported C($1.83) earnings per share (EPS) for the quarter. The firm had revenue of C$201.50 million for the quarter. Western Forest Products had a negative return on equity of 22.88% and a negative net margin of 12.23%. As a group, research analysts forecast that Western Forest Products Inc. will post 0.004992 earnings per share for the current year.
Wall Street Analysts Forecast Growth
WEF has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on shares of Western Forest Products from C$13.00 to C$14.00 and gave the company a "sector perform" rating in a report on Thursday, April 16th. TD lifted their price objective on Western Forest Products from C$17.00 to C$19.00 and gave the stock a "hold" rating in a research report on Tuesday. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$16.10.
Check Out Our Latest Report on WEF
About Western Forest Products
(
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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. The firm purchases and harvests logs which are then manufactured into lumber products at its sawmills, or sold. Canada and the United States, represent the company's largest markets and contribute the vast majority of its total revenue.
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