Westshore Terminals Investment Corp (WTE) Price Target Increased to C$26.00 by Analysts at CIBC
A number of other brokerages also recently commented on WTE. Scotiabank boosted their target price on Westshore Terminals Investment Corp from C$27.00 to C$28.00 and gave the company an outperform rating in a research note on Friday, November 3rd. Royal Bank Of Canada lowered their target price on Westshore Terminals Investment Corp from C$31.00 to C$29.00 and set an outperform rating on the stock in a research note on Monday. Finally, TD Securities boosted their target price on Westshore Terminals Investment Corp from C$27.00 to C$31.00 and gave the company a buy rating in a research note on Thursday, July 27th.
Shares of Westshore Terminals Investment Corp (TSE:WTE) traded down C$0.21 during midday trading on Tuesday, reaching C$24.96. The company’s stock had a trading volume of 32,165 shares, compared to its average volume of 103,318. Westshore Terminals Investment Corp has a 1 year low of C$19.07 and a 1 year high of C$29.05.
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The company also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Saturday, September 30th were paid a $0.16 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.64 dividend on an annualized basis and a yield of 2.56%.
In related news, insider James A. Pattison purchased 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of C$24.75 per share, for a total transaction of C$1,237,500.00. Also, Director Glenn Dalziel Dudar purchased 1,400 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were bought at an average price of C$24.74 per share, with a total value of C$34,636.00. In the last quarter, insiders have bought 94,900 shares of company stock valued at $2,350,936.
About Westshore Terminals Investment Corp
Westshore Terminals Investment Corporation, through its limited partner interests in Westshore Terminals Limited Partnership, operates a coal storage and loading terminal at Roberts Bank, British Columbia in Canada. It has contracts to ship coal from five mines in British Columbia and one mine in Alberta, as well as from three mines in the north-western United States.
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