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

Westshore Terminals Investment Co. (TSE:WTE)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$43.30 and last traded at C$43.29, with a volume of 31797 shares traded. The stock had previously closed at C$42.90.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada boosted their target price on shares of Westshore Terminals Investment from C$39.00 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Westshore Terminals Investment currently has a consensus rating of “Buy” and a consensus target price of C$42.00.

Westshore Terminals Investment Stock Performance

The firm has a market cap of C$2.67 billion, a price-to-earnings ratio of 27.23 and a beta of 0.72. The firm’s 50 day moving average is C$40.13 and its 200-day moving average is C$34.99. The company has a debt-to-equity ratio of 59.39, a quick ratio of 2.07 and a current ratio of 0.98.

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.