Westshore Terminals Investment (TSE:WTE) Price Target Lowered to C$25.00 at Royal Bank of Canada

Westshore Terminals Investment (TSE:WTE) had its price objective reduced by analysts at Royal Bank of Canada from C$27.00 to C$25.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 3.99% from the stock’s previous close.

Several other brokerages also recently commented on WTE. CIBC cut their target price on Westshore Terminals Investment from C$30.00 to C$29.00 and set a “neutral” rating on the stock in a research note on Tuesday. Scotiabank cut their target price on Westshore Terminals Investment from C$27.00 to C$24.50 in a research note on Monday.

Westshore Terminals Investment Stock Down 2.4 %

Shares of TSE:WTE traded down C$0.58 during trading on Tuesday, hitting C$24.04. The stock had a trading volume of 203,239 shares, compared to its average volume of 71,210. Westshore Terminals Investment has a 12 month low of C$22.73 and a 12 month high of C$33.72. The company has a market capitalization of C$1.50 billion, a PE ratio of 12.87 and a beta of 0.88. The firm’s fifty day moving average is C$25.61 and its 200 day moving average is C$26.01. The company has a quick ratio of 2.07, a current ratio of 1.22 and a debt-to-equity ratio of 62.47.

Westshore Terminals Investment (TSE:WTE) last posted its quarterly earnings results on Friday, March 8th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$88.69 million for the quarter. Westshore Terminals Investment had a return on equity of 13.92% and a net margin of 26.97%. Analysts anticipate that Westshore Terminals Investment will post 1.6696203 EPS 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.