Western Forest Products Inc (TSE:WEF) Senior Officer Stephen D.A. Williams Purchases 25,000 Shares

Western Forest Products Inc (TSE:WEF) Senior Officer Stephen D.A. Williams purchased 25,000 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of C$1.30 per share, with a total value of C$32,500.00. Following the transaction, the insider now owns 345,000 shares in the company, valued at C$448,500.

TSE WEF traded down C$0.02 during trading on Tuesday, reaching C$1.27. 427,326 shares of the stock traded hands, compared to its average volume of 673,893. The company has a market capitalization of $484.11 million and a price-to-earnings ratio of 22.11. The firm’s 50-day moving average is C$1.47. The company has a current ratio of 2.45, a quick ratio of 0.76 and a debt-to-equity ratio of 25.87. Western Forest Products Inc has a fifty-two week low of C$1.22 and a fifty-two week high of C$2.42.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, September 13th will be issued a dividend of $0.0225 per share. This represents a $0.09 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date is Thursday, August 29th. Western Forest Products’s dividend payout ratio is currently 157.89%.



Several equities research analysts have recently commented on the stock. Raymond James lowered their price target on shares of Western Forest Products from C$2.20 to C$2.10 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Royal Bank of Canada cut shares of Western Forest Products from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$2.00 to C$1.50 in a research report on Wednesday, August 7th. CIBC decreased their price objective on shares of Western Forest Products from C$1.75 to C$1.50 in a report on Wednesday, August 7th. Scotiabank restated an “average” rating and set a C$2.25 price objective on shares of Western Forest Products in a report on Monday, May 6th. Finally, TD Securities decreased their price objective on shares of Western Forest Products from C$1.75 to C$1.50 and set a “hold” rating for the company in a report on Tuesday, August 6th. Five analysts have rated the stock with a hold rating, Western Forest Products presently has an average rating of “Hold” and an average price target of C$1.77.

Western Forest Products Company Profile

Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers various products for outdoor living space, such as structures, decking, landscaping, and fencing; home components, including appearance, Japanese housing, and framing, as well as siding, paneling, trim, and soffits; and furniture, moldings, and decorative purpose, as well as doors, windows, and stair components.

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Insider Buying and Selling by Quarter for Western Forest Products (TSE:WEF)

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