Westshore Terminals Investment (TSE:WTE) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Westshore Terminals Investment (TSE:WTE) had its price objective hoisted by analysts at Royal Bank Of Canada from C$42.00 to C$44.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 1.27% from the company’s previous close.

Westshore Terminals Investment Stock Up 9.5%

WTE traded up C$3.78 on Thursday, hitting C$43.45. 64,718 shares of the company were exchanged, compared to its average volume of 116,837. The firm has a 50-day moving average price of C$40.21 and a two-hundred day moving average price of C$35.96. The company has a current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 59.39. Westshore Terminals Investment has a twelve month low of C$24.50 and a twelve month high of C$43.71. The company has a market cap of C$2.68 billion, a price-to-earnings ratio of 27.33 and a beta of 0.73.

Westshore Terminals Investment (TSE:WTE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$0.41 earnings per share (EPS) for the quarter. Westshore Terminals Investment had a return on equity of 13.48% and a net margin of 29.68%.The business had revenue of C$93.57 million during the quarter. On average, equities analysts predict that Westshore Terminals Investment will post 1.5632706 earnings per share for the current year.

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.