Royal Bank Of Canada Issues Positive Forecast for Westshore Terminals Investment (TSE:WTE) Stock Price

Westshore Terminals Investment (TSE:WTE) had its target price lifted by Royal Bank Of Canada from C$39.00 to C$42.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 3.86% from the stock’s current price.

Westshore Terminals Investment Price Performance

WTE stock traded up C$0.04 during midday trading on Thursday, reaching C$40.44. The company had a trading volume of 63,889 shares, compared to its average volume of 119,119. The firm has a 50-day moving average price of C$39.24 and a 200-day moving average price of C$33.94. The company has a market capitalization of C$2.50 billion, a P/E ratio of 25.43 and a beta of 0.72. Westshore Terminals Investment has a 1 year low of C$24.50 and a 1 year high of C$42.99. The company has a debt-to-equity ratio of 59.39, a current ratio of 0.98 and a quick ratio of 2.07.

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.