Westshore Terminals Investment (TSE:WTE) Hits New 52-Week High – Should You Buy?

Westshore Terminals Investment Co. (TSE:WTE) hit a new 52-week high during trading on Monday . The stock traded as high as C$34.13 and last traded at C$33.81, with a volume of 25966 shares trading hands. The stock had previously closed at C$33.87.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada boosted their price objective on shares of Westshore Terminals Investment from C$29.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Westshore Terminals Investment has an average rating of “Buy” and a consensus price target of C$34.00.

Westshore Terminals Investment Stock Down 0.9%

The firm has a 50 day moving average of C$31.04 and a two-hundred day moving average of C$27.71. The stock has a market capitalization of C$2.07 billion, a PE ratio of 22.82 and a beta of 0.41. The company has a current ratio of 0.87, a quick ratio of 2.07 and a debt-to-equity ratio of 59.65.

Westshore Terminals Investment (TSE:WTE) last posted its earnings results on Friday, March 13th. The company reported C$0.66 EPS for the quarter. The company had revenue of C$69.15 million for the quarter. Westshore Terminals Investment had a return on equity of 12.55% and a net margin of 28.08%. Equities research analysts anticipate that Westshore Terminals Investment Co. will post 1.5632706 earnings per share 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.