Westshore Terminals Investment (TSE:WTE) Sets New 52-Week High – Here’s What Happened

Westshore Terminals Investment Co. (TSE:WTE)’s share price reached a new 52-week high on Wednesday. The company traded as high as C$44.00 and last traded at C$43.78, with a volume of 43387 shares. The stock had previously closed at C$43.44.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised their target price on Westshore Terminals Investment from C$42.00 to C$44.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$44.00.

Westshore Terminals Investment Trading Up 1.4%

The company has a debt-to-equity ratio of 58.75, a quick ratio of 2.07 and a current ratio of 1.04. The firm has a market capitalization of C$2.72 billion, a PE ratio of 27.70 and a beta of 0.68. The stock’s 50-day simple moving average is C$41.43 and its 200-day simple moving average is C$39.01.

Westshore Terminals Investment (TSE:WTE) last posted 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 29.65% and a return on equity of 13.28%. As a group, sell-side analysts expect that Westshore Terminals Investment Co. will post 1.5632706 EPS for the current fiscal year.

About Westshore Terminals Investment

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.