Westshore Terminals Investment (TSE:WTE) Shares Down 8% After Analyst Downgrade

Westshore Terminals Investment Co. (TSE:WTEGet Rating) was down 8% during mid-day trading on Thursday after Royal Bank of Canada lowered their price target on the stock from C$40.00 to C$39.00. Royal Bank of Canada currently has an outperform rating on the stock. Westshore Terminals Investment traded as low as C$30.48 and last traded at C$30.65. Approximately 97,048 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 138,170 shares. The stock had previously closed at C$33.30.

Other analysts have also issued research reports about the stock. TD Securities lifted their price objective on shares of Westshore Terminals Investment from C$30.00 to C$31.00 and gave the company a “hold” rating in a research note on Thursday, May 5th. BMO Capital Markets boosted their price target on shares of Westshore Terminals Investment from C$25.00 to C$27.00 in a research note on Friday, May 6th. Finally, CIBC boosted their price target on shares of Westshore Terminals Investment from C$30.00 to C$35.00 in a research note on Thursday, April 21st.

Westshore Terminals Investment Stock Performance

The firm has a market capitalization of C$1.94 billion and a PE ratio of 18.74. The company has a debt-to-equity ratio of 39.17, a current ratio of 1.74 and a quick ratio of 1.63. The company’s fifty day simple moving average is C$32.65 and its 200 day simple moving average is C$32.06.

Westshore Terminals Investment (TSE:WTEGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported C$0.41 EPS for the quarter. The business had revenue of C$88.25 million for the quarter. As a group, equities research analysts expect that Westshore Terminals Investment Co. will post 1.5327151 EPS for the current fiscal year.

Westshore Terminals Investment Company Profile

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

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