Western Forest Products Inc (WEF) Director Purchase C$43,400.00 in Shares

Western Forest Products Inc (WEF) Director Purchase C$43,400.00 in Shares

Western Forest Products Inc (TSE:WEF) Director Daniel Louis Nocente purchased 20,000 shares of Western Forest Products stock in a transaction dated Thursday, June 1st. The shares were bought at an average price of C$2.17 per share, with a total value of C$43,400.00.

Daniel Louis Nocente also recently made the following trade(s):

Western Forest Products Inc (TSE WEF) traded down 0.46% during midday trading on Friday, reaching $2.18. The company had a trading volume of 167,137 shares. Western Forest Products Inc has a 1-year low of $1.79 and a 1-year high of $2.33. The company has a market capitalization of $862.07 million and a P/E ratio of 9.28. The firm has a 50-day moving average of $2.15 and a 200 day moving average of $2.02.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 16th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Tuesday, May 30th.

Several equities analysts have recently weighed in on the company. TD Securities restated a “buy” rating and set a C$2.75 price target on shares of Western Forest Products in a report on Friday, May 5th. Raymond James Financial, Inc. restated an “outperform” rating and set a C$2.50 price target on shares of Western Forest Products in a report on Friday, February 17th. Royal Bank of Canada downgraded Western Forest Products from an “outperform” rating to a “sector perform” rating and set a C$2.25 price objective for the company. in a report on Wednesday, April 19th. Scotiabank reiterated an “outperform” rating and issued a C$2.45 price objective on shares of Western Forest Products in a report on Thursday, May 4th. Finally, CIBC lifted their price objective on Western Forest Products from C$1.85 to C$2.00 in a report on Thursday, February 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Western Forest Products has a consensus rating of “Buy” and a consensus target price of C$2.49.

Western Forest Products Company Profile

Western Forest Products Inc is a softwood forest products company, operating in the coastal region of British Columbia. The Company’s primary business includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and lumber remanufacturing. The Company’s log and lumber products are sold throughout the world.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:WEF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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