TD Securities Cuts Westshore Terminals Investment (WTE) Price Target to C$25.00

Westshore Terminals Investment (TSE:WTE) had its price objective lowered by TD Securities from C$27.00 to C$25.00 in a research report released on Wednesday morning. The brokerage currently has a hold rating on the stock.

WTE stock opened at C$21.92 on Wednesday. The firm has a market capitalization of $1,560.00, a PE ratio of 13.79 and a beta of 0.46. Westshore Terminals Investment has a 1-year low of C$19.07 and a 1-year high of C$27.15.

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The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Saturday, March 31st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Wednesday, March 28th. Westshore Terminals Investment’s dividend payout ratio is presently 40.25%.

In related news, insider James A. Pattison bought 172,500 shares of the stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average price of C$24.20 per share, for a total transaction of C$4,174,500.00. Also, insider James A. Pattison bought 165,400 shares of the stock in a transaction dated Friday, March 2nd. The stock was bought at an average price of C$22.85 per share, for a total transaction of C$3,779,390.00. Insiders bought 538,400 shares of company stock worth $12,855,655 over the last three months.

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About Westshore Terminals Investment

Westshore Terminals Investment Corporation, through its limited partner interests in Westshore Terminals Limited Partnership, operates a coal storage and loading terminal at Roberts Bank, British Columbia in Canada. It has contracts to ship coal from five mines in British Columbia and one mine in Alberta, as well as from three mines in the north-western United States.

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