Royal Bank of Canada Lowers Westshore Terminals Investment (TSE:WTE) Price Target to C$23.00

Westshore Terminals Investment (TSE:WTE) had its price target trimmed by Royal Bank of Canada from C$25.00 to C$23.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Westshore Terminals Investment Price Performance

Shares of Westshore Terminals Investment stock opened at C$22.29 on Tuesday. The company has a market capitalization of C$1.38 billion, a price-to-earnings ratio of 12.97 and a beta of 0.86. The company has a quick ratio of 2.07, a current ratio of 1.08 and a debt-to-equity ratio of 62.46. The stock’s 50-day simple moving average is C$24.51 and its 200-day simple moving average is C$23.80. Westshore Terminals Investment has a 52 week low of C$21.60 and a 52 week high of C$26.47.

Westshore Terminals Investment Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 6.73%. Westshore Terminals Investment’s payout ratio is 87.28%.

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.