Westshore Terminals Investment (TSE:WTE) Stock Crosses Above 200 Day Moving Average – What’s Next?

Westshore Terminals Investment Co. (TSE:WTE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$33.61 and traded as high as C$37.91. Westshore Terminals Investment shares last traded at C$37.15, with a volume of 121,941 shares changing hands.

Wall Street Analyst Weigh In

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

Westshore Terminals Investment Stock Up 1.5%

The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 59.39. The company has a market cap of C$2.33 billion, a price-to-earnings ratio of 23.70 and a beta of 0.72. The stock has a fifty day moving average price of C$39.08 and a two-hundred day moving average price of C$33.64.

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.