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Westshore Terminals Investment (TSE:WTE) Sets New 52-Week High - Time to Buy?

Westshore Terminals Investment logo with Industrials background

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$28.10 and last traded at C$27.93, with a volume of 47507 shares trading hands. The stock had previously closed at C$27.52.

Analyst Ratings Changes

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

Check Out Our Latest Report on Westshore Terminals Investment

Westshore Terminals Investment Trading Up 0.6%

The firm has a 50-day moving average of C$26.05 and a 200-day moving average of C$24.71. The company has a debt-to-equity ratio of 62.46, a quick ratio of 2.07 and a current ratio of 1.08. The firm has a market capitalization of C$1.71 billion, a P/E ratio of 16.11 and a beta of 0.86.

Westshore Terminals Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 5.42%. Westshore Terminals Investment's payout ratio is 87.28%.

About Westshore Terminals Investment

(Get Free Report)

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.

Further Reading

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