Westshore Terminals Investment (TSE:WTE) Given New C$47.00 Price Target at Royal Bank Of Canada

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

Westshore Terminals Investment Trading Up 1.7%

TSE WTE traded up C$0.74 during trading hours on Wednesday, hitting C$44.18. 148,070 shares of the company’s stock were exchanged, compared to its average volume of 108,319. The business’s 50 day moving average is C$41.43 and its 200-day moving average is C$39.01. The company has a debt-to-equity ratio of 58.75, a quick ratio of 2.07 and a current ratio of 1.04. Westshore Terminals Investment has a 12-month low of C$24.50 and a 12-month high of C$44.39. The firm has a market capitalization of C$2.73 billion, a P/E ratio of 27.79 and a beta of 0.68.

Westshore Terminals Investment (TSE:WTE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$0.41 EPS for the quarter. Westshore Terminals Investment had a return on equity of 13.28% and a net margin of 29.65%.The company had revenue of C$93.57 million during the quarter. As a group, analysts anticipate that Westshore Terminals Investment will post 1.5632706 EPS 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.