Westshore Terminals Investment (TSE:WTE) Upgraded by Royal Bank of Canada to "Moderate Buy" Rating

Royal Bank of Canada upgraded shares of Westshore Terminals Investment (TSE:WTE - Free Report) from a hold rating to a moderate buy rating in a research note issued to investors on Tuesday morning, Marketbeat reports. They currently have C$30.00 price objective on the stock, up from their prior price objective of C$23.00.

Westshore Terminals Investment Stock Up 1.5%

TSE:WTE traded up C$0.39 during mid-day trading on Tuesday, reaching C$26.93. The stock had a trading volume of 73,652 shares, compared to its average volume of 131,733. 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 company has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 15.67 and a beta of 0.86. Westshore Terminals Investment has a 1-year low of C$21.60 and a 1-year high of C$26.94. The stock's 50 day simple moving average is C$24.36 and its two-hundred day simple moving average is C$23.81.

Westshore Terminals Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.57%. Westshore Terminals Investment's payout ratio is currently 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.