Westshore Terminals Investment (TSE:WTE) Hits New 12-Month High – Time to Buy?

Westshore Terminals Investment Co. (TSE:WTE)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$43.28 and last traded at C$43.17, with a volume of 20639 shares traded. The stock had previously closed at C$41.32.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised their price target on Westshore Terminals Investment from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$42.00.

Westshore Terminals Investment Stock Up 3.7%

The firm has a market cap of C$2.65 billion, a PE ratio of 26.94 and a beta of 0.72. The company has a quick ratio of 2.07, a current ratio of 0.98 and a debt-to-equity ratio of 59.39. The business has a 50-day moving average price of C$39.86 and a two-hundred day moving average price of C$34.58.

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.