Scotiabank Lowers Westshore Terminals Investment (TSE:WTE) Price Target to C$24.50

Westshore Terminals Investment (TSE:WTE) had its target price decreased by Scotiabank from C$27.00 to C$24.50 in a research note issued to investors on Monday, BayStreet.CA reports. Scotiabank’s price target indicates a potential downside of 1.84% from the stock’s current price.

Separately, CIBC upped their target price on Westshore Terminals Investment from C$29.00 to C$30.00 and gave the company a “neutral” rating in a research report on Friday, January 12th.

Westshore Terminals Investment Trading Down 5.4 %

TSE WTE traded down C$1.42 during trading hours on Monday, hitting C$24.96. The company’s stock had a trading volume of 149,685 shares, compared to its average volume of 68,737. The stock has a fifty day moving average of C$25.63 and a 200 day moving average of C$26.00. The company has a quick ratio of 2.07, a current ratio of 1.22 and a debt-to-equity ratio of 62.47. The firm has a market capitalization of C$1.56 billion, a P/E ratio of 13.37 and a beta of 0.88. Westshore Terminals Investment has a twelve month low of C$22.73 and a twelve month high of C$33.72.

Westshore Terminals Investment (TSE:WTE) last announced its quarterly earnings results on Friday, March 8th. The company reported C$0.36 earnings per share for the quarter. Westshore Terminals Investment had a net margin of 26.97% and a return on equity of 13.92%. The firm had revenue of C$88.69 million for the quarter. Equities research analysts forecast that Westshore Terminals Investment will post 1.6696203 earnings per share for the current fiscal year.

About Westshore Terminals Investment

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