Westshore Terminals Investment (TSE:WTE) Reaches New 1-Year High – Time to Buy?

Westshore Terminals Investment Co. (TSE:WTE)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$43.30 and last traded at C$43.29, with a volume of 31797 shares. The stock had previously closed at C$42.90.

Analyst Ratings Changes

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

Westshore Terminals Investment Price Performance

The company’s 50 day moving average is C$40.13 and its 200 day moving average is C$34.99. The firm has a market capitalization of C$2.67 billion, a price-to-earnings ratio of 27.23 and a beta of 0.72. The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 59.39.

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.