Westshore Terminals Investment Corp (WTE) Given New C$26.00 Price Target at Royal Bank Of Canada
Westshore Terminals Investment Corp (TSE:WTE) had its target price upped by Royal Bank Of Canada from C$24.00 to C$26.00 in a report published on Friday morning. They currently have an outperform rating on the stock.
A number of other research analysts also recently commented on WTE. RBC Capital Markets increased their price target on Westshore Terminals Investment Corp from C$23.00 to C$24.00 in a report on Saturday, August 6th. TD Securities reissued a hold rating and issued a C$17.50 price target on shares of Westshore Terminals Investment Corp in a report on Thursday, August 4th. CIBC increased their price target on Westshore Terminals Investment Corp from C$20.00 to C$23.00 in a report on Thursday, September 22nd. Scotiabank increased their price target on Westshore Terminals Investment Corp from C$18.75 to C$19.00 and gave the company a sector perform rating in a report on Friday, August 5th. Finally, BMO Capital Markets raised Westshore Terminals Investment Corp from an underperform rating to a market perform rating and increased their price target for the company from C$14.00 to C$19.00 in a report on Monday, August 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Westshore Terminals Investment Corp currently has a consensus rating of Hold and a consensus price target of C$22.43.
Westshore Terminals Investment Corp (TSE:WTE) traded up 1.66% during mid-day trading on Friday, hitting $24.43. The company had a trading volume of 133,701 shares. The firm has a market cap of $1.80 billion and a P/E ratio of 12.42. The stock’s 50 day moving average price is $22.52 and its 200 day moving average price is $19.39. Westshore Terminals Investment Corp has a 52-week low of $9.84 and a 52-week high of $28.09.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Saturday, October 15th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, September 28th.
In related news, insider James A. Pattison purchased 150,000 shares of the company’s stock in a transaction dated Friday, October 7th. The shares were acquired at an average cost of C$24.38 per share, for a total transaction of C$3,657,000.00.
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