Royal Bank Of Canada Forecasts Strong Price Appreciation for Westshore Terminals Investment (TSE:WTE) Stock

Westshore Terminals Investment (TSE:WTE) had its price objective raised by Royal Bank Of Canada from C$39.00 to C$42.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 3.86% from the company’s previous close.

Westshore Terminals Investment Price Performance

Shares of Westshore Terminals Investment stock traded up C$0.04 during trading on Thursday, hitting C$40.44. The stock had a trading volume of 63,889 shares, compared to its average volume of 119,119. The company has a current ratio of 0.98, a quick ratio of 2.07 and a debt-to-equity ratio of 59.39. Westshore Terminals Investment has a 12 month low of C$24.50 and a 12 month high of C$42.99. The firm has a market cap of C$2.50 billion, a price-to-earnings ratio of 25.43 and a beta of 0.72. The business’s 50-day moving average is C$39.24 and its 200 day moving average is C$33.94.

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.