Scotiabank Increases Westshore Terminals Investment Corp (WTE) Price Target to C$28.00
Westshore Terminals Investment Corp (TSE:WTE) had its price objective upped by Scotiabank from C$27.00 to C$28.00 in a note issued to investors on Friday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 11.82% from the company’s previous close.
A number of other analysts have also issued reports on WTE. TD Securities reaffirmed a “buy” rating and set a C$31.00 target price on shares of Westshore Terminals Investment Corp in a research report on Monday, August 21st. Royal Bank Of Canada raised Westshore Terminals Investment Corp from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$24.00 to C$30.00 in a research report on Tuesday, July 25th.
Shares of Westshore Terminals Investment Corp (WTE) opened at C$25.04 on Friday.
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In other news, insider James A. Pattison purchased 43,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was acquired at an average cost of C$24.80 per share, for a total transaction of C$1,078,800.00. Also, Director Glenn Dalziel Dudar purchased 1,400 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average price of C$24.74 per share, with a total value of C$34,636.00. Insiders purchased 94,900 shares of company stock valued at $2,350,936 over the last quarter.
Westshore Terminals Investment Corp Company Profile
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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