Westshore Terminals Investment (TSE:WTE) Share Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Westshore Terminals Investment's share price recently crossed above its 200-day moving average of C$25.67, trading as high as C$25.85.
• The Royal Bank of Canada upgraded its rating on Westshore shares from "hold" to "moderate buy" and increased the price target from C$23.00 to C$30.00.
• Despite the positive movement, the stock was down 0.5% with a current trading price of C$25.66 and a market capitalization of C$1.59 billion.

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$25.67 and traded as high as C$25.85. Westshore Terminals Investment shares last traded at C$25.66, with a volume of 58,961 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded Westshore Terminals Investment from a "hold" rating to a "moderate buy" rating and lifted their target price 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 firm has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 15.51 and a beta of 0.65. The company has a fifty day moving average of C$27.11 and a two-hundred day moving average of C$25.70. The company has a debt-to-equity ratio of 62.46, a quick ratio of 2.07 and a current ratio of 1.08.

About Westshore Terminals Investment

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.