Royal Bank of Canada Lowers Westshore Terminals Investment (TSE:WTE) Price Target to C$25.00

Westshore Terminals Investment (TSE:WTE) had its price target reduced by research analysts at Royal Bank of Canada from C$27.00 to C$25.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 6.52% from the stock’s previous close.

Several other brokerages have also recently issued reports on WTE. Scotiabank decreased their price target on shares of Westshore Terminals Investment from C$27.00 to C$24.50 in a research report on Monday. CIBC cut their target price on Westshore Terminals Investment from C$30.00 to C$29.00 and set a “neutral” rating on the stock in a report on Tuesday.

Westshore Terminals Investment Stock Down 1.9 %

WTE stock opened at C$23.47 on Tuesday. The stock has a market capitalization of C$1.47 billion, a P/E ratio of 12.62 and a beta of 0.88. 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 firm has a 50-day moving average price of C$25.53 and a 200-day moving average price of C$26.00. Westshore Terminals Investment has a 12 month low of C$22.73 and a 12 month high of C$33.72.

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

Westshore Terminals Investment Company Profile

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.