Westshore Terminals Investment (TSE:WTE) Price Target Raised to C$48.00

Westshore Terminals Investment (TSE:WTE) had its price target hoisted by Royal Bank Of Canada from C$47.00 to C$48.00 in a research report report published on Tuesday morning,BayStreet reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Westshore Terminals Investment Price Performance

Shares of Westshore Terminals Investment stock opened at C$44.65 on Tuesday. The company has a quick ratio of 2.07, a current ratio of 1.30 and a debt-to-equity ratio of 57.57. The stock has a market capitalization of C$2.76 billion, a price-to-earnings ratio of 24.14 and a beta of 0.27. Westshore Terminals Investment has a twelve month low of C$24.50 and a twelve month high of C$48.28. The company has a 50-day simple moving average of C$43.20 and a two-hundred day simple moving average of C$38.60.

Westshore Terminals Investment (TSE:WTE) last announced its earnings results on Saturday, November 7th. The company reported C$0.47 earnings per share (EPS) for the quarter. Westshore Terminals Investment had a net margin of 31.56% and a return on equity of 15.20%. The firm had revenue of C$106.00 million for the quarter. Analysts forecast that Westshore Terminals Investment will post 1.56 EPS for the current year.

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.