Westshore Terminals Investment (TSE:WTE) Hits New 52-Week High - Should You Buy?

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as C$28.88 and last traded at C$28.72, with a volume of 85567 shares. The stock had previously closed at C$28.17.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised shares of Westshore Terminals Investment from a "hold" rating to a "moderate buy" rating and raised their price target for the stock from C$23.00 to C$30.00 in a research note on Tuesday, May 20th.

Westshore Terminals Investment Stock Performance

The company has a quick ratio of 2.07, a current ratio of 1.08 and a debt-to-equity ratio of 62.46. The stock has a 50 day simple moving average of C$27.17 and a two-hundred day simple moving average of C$25.08. The stock has a market capitalization of C$1.76 billion, a P/E ratio of 16.55 and a beta of 0.86.

Westshore Terminals Investment Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 5.27%. Westshore Terminals Investment's dividend payout ratio is 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.