Westshore Terminals Investment (TSE:WTE) Stock Gets Price Target Increase from Royal Bank Of Canada

Westshore Terminals Investment (TSE:WTE) had its target price raised by stock analysts at Royal Bank Of Canada from C$44.00 to C$47.00 in a note issued to investors on Wednesday, BayStreet reports. Royal Bank Of Canada’s price objective would suggest a potential upside of 6.38% from the company’s current price.

Westshore Terminals Investment Price Performance

TSE:WTE traded up C$0.74 during trading hours on Wednesday, reaching C$44.18. 148,070 shares of the company traded hands, compared to its average volume of 108,319. The company has a debt-to-equity ratio of 58.75, a current ratio of 1.04 and a quick ratio of 2.07. The firm’s 50-day moving average is C$41.43 and its 200-day moving average is C$39.01. The stock has a market cap of C$2.73 billion, a P/E ratio of 27.79 and a beta of 0.68. Westshore Terminals Investment has a 1-year low of C$24.50 and a 1-year high of C$44.39.

Westshore Terminals Investment (TSE:WTE) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$93.57 million during the quarter. Westshore Terminals Investment had a return on equity of 13.28% and a net margin of 29.65%. Equities research analysts expect that Westshore Terminals Investment will post 1.5632706 earnings per share for the current fiscal year.

Westshore Terminals Investment Company Profile

Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States. The coal is delivered to the terminal in unit trains and then unloaded and transferred onto a ship.