Royal Bank of Canada Trims Westshore Terminals Investment (TSE:WTE) Target Price to C$39.00

Westshore Terminals Investment (TSE:WTEGet Rating) had its target price dropped by equities research analysts at Royal Bank of Canada from C$40.00 to C$39.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 26.87% from the company’s current price.

A number of other analysts have also recently commented on WTE. BMO Capital Markets upped their price objective on Westshore Terminals Investment from C$25.00 to C$27.00 in a research report on Friday, May 6th. TD Securities increased their price target on Westshore Terminals Investment from C$30.00 to C$31.00 and gave the stock a “hold” rating in a report on Thursday, May 5th. Finally, CIBC increased their price objective on Westshore Terminals Investment from C$30.00 to C$35.00 in a research note on Thursday, April 21st.

Westshore Terminals Investment Stock Performance

TSE:WTE opened at C$30.74 on Thursday. The business’s 50-day moving average price is C$32.65 and its two-hundred day moving average price is C$32.06. Westshore Terminals Investment has a twelve month low of C$20.13 and a twelve month high of C$37.70. The stock has a market cap of C$1.94 billion and a P/E ratio of 18.74. The company has a quick ratio of 1.63, a current ratio of 1.74 and a debt-to-equity ratio of 39.17.

Westshore Terminals Investment (TSE:WTEGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported C$0.41 earnings per share for the quarter. The business had revenue of C$88.25 million during the quarter. As a group, equities analysts predict that Westshore Terminals Investment will post 1.5327151 EPS for the current fiscal year.

Westshore Terminals Investment Company Profile

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Westshore Terminals Investment Corporation operates a coal storage and loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the Northwestern United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.

Further Reading

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