Westshore Terminals Investment (TSE:WTE) Hits New 52-Week High – Here’s Why

Shares of Westshore Terminals Investment Co. (TSE:WTE) reached a new 52-week high on Friday . The company traded as high as C$43.28 and last traded at C$43.17, with a volume of 20639 shares. The stock had previously closed at C$41.32.

Analyst Ratings Changes

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

Westshore Terminals Investment Stock Up 3.6%

The firm’s 50 day simple moving average is C$39.76 and its 200-day simple moving average is C$34.52. The company has a market cap of C$2.64 billion, a price-to-earnings ratio of 26.92 and a beta of 0.72. The company has a debt-to-equity ratio of 59.39, a current ratio of 0.98 and a quick ratio of 2.07.

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.