Westshore Terminals Investment (TSE:WTE) Sets New 12-Month High - Here's Why

Key Points

• Shares hit a new 52-week high of C$37.67 during mid-day trading (up about 5.3%) with 42,455 shares changing hands.
• Royal Bank of Canada raised its price target from C$29 to C$34 and gave an "outperform" rating; the consensus rating is "Buy" with an average target of C$34.
• In the latest quarter the company reported C$0.66 earnings per share on C$69.15 million in revenue, with a ROE of 12.55%, net margin of 28.08%, a market cap of C$2.34 billion and a PE of 25.75.

Shares of Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$37.67 and last traded at C$37.67, with a volume of 42455 shares traded. The stock had previously closed at C$35.95.

Analysts Set New Price Targets

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

Westshore Terminals Investment Stock Up 5.3%

The stock has a 50-day simple moving average of C$32.27 and a two-hundred day simple moving average of C$28.34. The company has a quick ratio of 2.07, a current ratio of 0.87 and a debt-to-equity ratio of 59.65. The firm has a market cap of C$2.34 billion, a PE ratio of 25.75 and a beta of 0.28.

Westshore Terminals Investment (TSE:WTE - Get Free Report) last released its quarterly earnings results on Friday, March 13th. The company reported C$0.66 earnings per share for the quarter. Westshore Terminals Investment had a return on equity of 12.55% and a net margin of 28.08%.The business had revenue of C$69.15 million for the quarter. Analysts expect that Westshore Terminals Investment Co. will post 1.5632706 earnings per share for the current year.

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.

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