Westshore Terminals Investment (TSE:WTE) Reaches New 52-Week High – Here’s What Happened

Westshore Terminals Investment Co. (TSE:WTE) hit a new 52-week high on Monday . The company traded as high as C$42.77 and last traded at C$42.56, with a volume of 57626 shares trading hands. The stock had previously closed at C$41.94.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lifted their price objective on Westshore Terminals Investment from C$34.00 to C$39.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Westshore Terminals Investment currently has an average rating of “Buy” and a consensus price target of C$39.00.

Westshore Terminals Investment Price Performance

The stock has a market capitalization of C$2.64 billion, a price-to-earnings ratio of 26.87 and a beta of 0.63. The company has a debt-to-equity ratio of 59.39, a quick ratio of 2.07 and a current ratio of 0.98. The company has a 50 day moving average of C$37.54 and a 200 day moving average of C$31.87.

Westshore Terminals Investment (TSE:WTE) last issued its quarterly earnings results on Saturday, March 14th. The company reported C$0.66 earnings per share for the quarter. Westshore Terminals Investment had a return on equity of 13.48% and a net margin of 29.68%.The company had revenue of C$69.15 million for the quarter. As a group, equities research analysts anticipate that Westshore Terminals Investment Co. will post 1.5632706 EPS for the current 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.