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

Westshore Terminals Investment Co. (TSE:WTE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$41.64 and last traded at C$41.64, with a volume of 13161 shares traded. The stock had previously closed at C$41.16.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised their price target on shares of Westshore Terminals Investment from C$34.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$39.00.

Westshore Terminals Investment Stock Performance

The company has a debt-to-equity ratio of 59.39, a quick ratio of 2.07 and a current ratio of 0.98. The firm’s 50-day moving average price is C$35.71 and its two-hundred day moving average price is C$30.71. The firm has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 26.13 and a beta of 0.34.

Westshore Terminals Investment (TSE:WTE) last issued its earnings results on Saturday, March 14th. The company reported C$0.66 earnings per share for the quarter. Westshore Terminals Investment had a net margin of 29.68% and a return on equity of 13.48%. The business had revenue of C$69.15 million for the quarter. Sell-side analysts predict that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current 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.