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

Westshore Terminals Investment (TSE:WTE) had its price target reduced by Royal Bank of Canada from C$25.00 to C$23.00 in a report released on Tuesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Westshore Terminals Investment Stock Down 2.8 %

Shares of WTE stock opened at C$22.29 on Tuesday. The company has a 50 day simple moving average of C$24.51 and a two-hundred day simple moving average of C$23.80. The stock has a market cap of C$1.38 billion, a P/E ratio of 12.97 and a beta of 0.86. Westshore Terminals Investment has a 12 month low of C$21.60 and a 12 month high of C$26.47. The company has a current ratio of 1.08, a quick ratio of 2.07 and a debt-to-equity ratio of 62.46.

Westshore Terminals Investment Announces Dividend

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

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.