Westshore Terminals Investment (TSE:WTE) Sets New 1-Year High – Here’s Why

Westshore Terminals Investment Co. (TSE:WTEGet Free Report) hit a new 52-week high on Thursday . The company traded as high as C$43.61 and last traded at C$43.61, with a volume of 61308 shares trading hands. The stock had previously closed at C$39.67.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised their target price on shares of Westshore Terminals Investment from C$39.00 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$42.00.

Read Our Latest Analysis on WTE

Westshore Terminals Investment Trading Up 9.5%

The company has a current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 59.39. The company’s fifty day moving average is C$40.21 and its 200-day moving average is C$35.96. The firm has a market capitalization of C$2.68 billion, a P/E ratio of 27.33 and a beta of 0.73.

Westshore Terminals Investment (TSE:WTEGet Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$0.41 EPS for the quarter. The firm had revenue of C$93.57 million during the quarter. Westshore Terminals Investment had a net margin of 29.68% and a return on equity of 13.48%. As a group, sell-side analysts anticipate that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current fiscal year.

Westshore Terminals Investment Company Profile

(Get Free Report)

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.

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