Westshore Terminals Investment (TSE:WTE) Sets New 52-Week High – What’s Next?

Westshore Terminals Investment Co. (TSE:WTE) reached a new 52-week high on Monday . The company traded as high as C$34.41 and last traded at C$34.39, with a volume of 22227 shares traded. The stock had previously closed at C$34.19.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada boosted their price objective on Westshore Terminals Investment from C$29.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$34.00.

Westshore Terminals Investment Price Performance

The stock has a 50 day simple moving average of C$31.87 and a two-hundred day simple moving average of C$28.13. The company has a market cap of C$2.18 billion, a price-to-earnings ratio of 24.00 and a beta of 0.28. The company has a debt-to-equity ratio of 59.65, a current ratio of 0.87 and a quick ratio of 2.07.

Westshore Terminals Investment (TSE:WTE) last released its quarterly earnings data on Friday, March 13th. The company reported C$0.66 earnings per share for the quarter. The company had revenue of C$69.15 million for the quarter. Westshore Terminals Investment had a return on equity of 12.55% and a net margin of 28.08%. On average, equities research analysts predict that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current fiscal year.

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.