Westshore Terminals Investment (TSE:WTE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Westshore Terminals Investment Co. (TSE:WTE) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$35.63 and traded as high as C$41.06. Westshore Terminals Investment shares last traded at C$39.92, with a volume of 47,591 shares changing hands.

Analysts Set New Price Targets

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

Westshore Terminals Investment Price Performance

The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 59.39. The company has a market cap of C$2.48 billion, a PE ratio of 25.22 and a beta of 0.72. The stock has a 50-day simple moving average of C$40.30 and a 200 day simple moving average of C$35.66.

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.