Westshore Terminals Investment (TSE:WTE) Stock Price Crosses Above Two Hundred Day Moving Average of $28.92

Westshore Terminals Investment Co. (TSE:WTE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$28.92 and traded as high as C$29.22. Westshore Terminals Investment shares last traded at C$29.09, with a volume of 107,699 shares changing hands.

Wall Street Analysts Forecast Growth

WTE has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Westshore Terminals Investment from C$35.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, August 8th. Scotiabank upped their target price on shares of Westshore Terminals Investment from C$25.50 to C$26.50 in a report on Monday, May 8th. CIBC upped their target price on shares of Westshore Terminals Investment from C$29.00 to C$31.00 and gave the company a “neutral” rating in a report on Thursday, July 20th. Finally, TD Securities upped their target price on shares of Westshore Terminals Investment from C$27.00 to C$28.00 and gave the company a “hold” rating in a report on Monday, May 8th.

Westshore Terminals Investment Price Performance

The company has a debt-to-equity ratio of 38.82, a quick ratio of 2.07 and a current ratio of 2.40. The company has a market capitalization of C$1.82 billion, a PE ratio of 23.46 and a beta of 0.85. The company’s 50-day simple moving average is C$30.29 and its 200-day simple moving average is C$28.92.

Westshore Terminals Investment Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Friday, June 30th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Thursday, June 29th. Westshore Terminals Investment’s payout ratio is currently 112.90%.

About Westshore Terminals Investment

Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the Northwestern United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.