Scotiabank Lowers Westshore Terminals Investment (TSE:WTE) Price Target to C$24.50

Westshore Terminals Investment (TSE:WTE) had its price target lowered by analysts at Scotiabank from C$27.00 to C$24.50 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 2.38% from the company’s previous close.

Separately, CIBC increased their target price on shares of Westshore Terminals Investment from C$29.00 to C$30.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th.

Westshore Terminals Investment Stock Down 2.8 %

TSE:WTE opened at C$23.93 on Monday. The company has a current ratio of 1.22, a quick ratio of 2.07 and a debt-to-equity ratio of 62.47. The stock has a fifty day simple moving average of C$25.58 and a 200-day simple moving average of C$26.02. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of 12.87 and a beta of 0.88. Westshore Terminals Investment has a twelve month low of C$22.73 and a twelve month high of C$33.72.

Westshore Terminals Investment (TSE:WTE) last issued its quarterly earnings results on Friday, March 8th. The company reported C$0.36 earnings per share for the quarter. Westshore Terminals Investment had a return on equity of 13.92% and a net margin of 26.97%. The business had revenue of C$88.69 million for the quarter. Analysts anticipate that Westshore Terminals Investment will post 1.6696203 EPS for the current year.

About Westshore Terminals Investment

Westshore Terminals Investment Corporation operates a coal storage and unloading/loading terminal at Roberts Bank, British Columbia. The company has contracts to ship coal from mines in British Columbia, Alberta, and the United States. Westshore Terminals Investment Corporation was founded in 1970 and is headquartered in Vancouver, Canada.