Westshore Terminals Investment (TSE:WTE) Price Target Raised to C$27.00

Westshore Terminals Investment (TSE:WTE – Get Rating) had its price objective raised by TD Securities from C$25.00 to C$27.00 in a research note released on Monday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Separately, Scotiabank boosted their target price on Westshore Terminals Investment from C$23.50 to C$25.50 in a research note on Monday.

Westshore Terminals Investment Trading Up 9.3 %

Shares of TSE:WTE opened at C$25.84 on Monday. Westshore Terminals Investment has a 12-month low of C$21.59 and a 12-month high of C$37.70. The business’s fifty day simple moving average is C$24.61 and its 200-day simple moving average is C$25.14. The company has a market capitalization of C$1.63 billion, a PE ratio of 18.46 and a beta of 0.97. The company has a current ratio of 2.33, a quick ratio of 2.07 and a debt-to-equity ratio of 38.44.

Westshore Terminals Investment Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, January 15th. Shareholders of record on Sunday, January 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.20 dividend on an annualized basis and a yield of 4.64%. This is a boost from Westshore Terminals Investment’s previous quarterly dividend of $0.25. Westshore Terminals Investment’s payout ratio is currently 85.71%.

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.