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 raised by Royal Bank Of Canada from C$42.00 to C$44.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 1.27% from the stock’s previous close.

Westshore Terminals Investment Price Performance

WTE stock traded up C$3.78 on Thursday, reaching C$43.45. 64,718 shares of the company’s stock were exchanged, compared to its average volume of 116,837. The stock has a fifty day moving average of C$40.21 and a 200-day moving average of C$35.96. The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 59.39. The firm has a market cap of C$2.68 billion, a PE ratio of 27.33 and a beta of 0.73. Westshore Terminals Investment has a twelve month low of C$24.50 and a twelve month high of C$43.71.

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