CIBC Lowers Westshore Terminals Investment (TSE:WTE) Price Target to C$29.00

Westshore Terminals Investment (TSE:WTE) had its target price reduced by research analysts at CIBC from C$30.00 to C$29.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 23.56% from the company’s current price.

Separately, Scotiabank lowered their target price on Westshore Terminals Investment from C$27.00 to C$24.50 in a research note on Monday.

Westshore Terminals Investment Price Performance

Shares of TSE WTE opened at C$23.47 on Tuesday. Westshore Terminals Investment has a 52 week low of C$22.73 and a 52 week high of C$33.72. The business’s 50 day moving average price is C$25.53 and its 200 day moving average price is C$26.00. The company has a quick ratio of 2.07, a current ratio of 1.22 and a debt-to-equity ratio of 62.47. The firm has a market cap of C$1.47 billion, a P/E ratio of 12.62 and a beta of 0.88.

Westshore Terminals Investment (TSE:WTE) last announced its quarterly earnings data on Friday, March 8th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$88.69 million during the quarter. Westshore Terminals Investment had a net margin of 26.97% and a return on equity of 13.92%. On average, sell-side analysts expect that Westshore Terminals Investment will post 1.6696203 earnings per share for the current year.

About Westshore Terminals Investment

Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.