Shares of Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$27.63 and last traded at C$27.63, with a volume of 67568 shares trading hands. The stock had previously closed at C$27.09.
Analysts Set New Price Targets
Separately, Royal Bank of Canada upgraded shares of Westshore Terminals Investment from a "hold" rating to a "moderate buy" rating and boosted their price target for the stock from C$23.00 to C$30.00 in a research report on Tuesday, May 20th.
Read Our Latest Analysis on Westshore Terminals Investment
Westshore Terminals Investment Price Performance
The business's fifty day moving average is C$24.65 and its 200-day moving average is C$24.00. The company has a debt-to-equity ratio of 62.46, a current ratio of 1.08 and a quick ratio of 2.07. The firm has a market cap of C$1.69 billion, a PE ratio of 15.96 and a beta of 0.86.
Westshore Terminals Investment Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 5.47%. Westshore Terminals Investment's dividend payout ratio (DPR) is presently 87.28%.
About Westshore Terminals Investment
(
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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.
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