Westshore Terminals Investment Corp (WTE) PT Raised to C$26.00
Westshore Terminals Investment Corp (TSE:WTE) had its price objective lifted by Royal Bank Of Canada from C$24.00 to C$26.00 in a report published on Friday morning, StockTargetPrices.com reports. The brokerage currently has an outperform rating on the stock.
Several other research analysts also recently issued reports on WTE. TD Securities reaffirmed a hold rating and set a C$17.50 price target on shares of Westshore Terminals Investment Corp in a research note on Thursday, August 4th. Scotiabank lifted their price target on Westshore Terminals Investment Corp from C$18.75 to C$19.00 and gave the stock a sector perform rating in a research note on Friday, August 5th. RBC Capital Markets lifted their price target on Westshore Terminals Investment Corp from C$23.00 to C$24.00 in a research note on Saturday, August 6th. CIBC lifted their price target on Westshore Terminals Investment Corp from C$15.00 to C$20.00 and gave the stock a sector perform rating in a research note on Tuesday, August 9th. Finally, BMO Capital Markets raised Westshore Terminals Investment Corp from an underperform rating to a market perform rating and lifted their price target for the stock from C$14.00 to C$19.00 in a research note on Monday, August 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of C$22.43.
Shares of Westshore Terminals Investment Corp (TSE:WTE) opened at 24.57 on Friday. Westshore Terminals Investment Corp has a 12 month low of $9.84 and a 12 month high of $27.73. The stock’s 50 day moving average is $22.77 and its 200 day moving average is $19.54. The firm has a market cap of $1.81 billion and a PE ratio of 12.49.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Saturday, October 15th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, September 28th.
In other Westshore Terminals Investment Corp news, insider James A. Pattison purchased 150,000 shares of the stock in a transaction on Friday, October 7th. The stock was bought at an average price of C$24.38 per share, for a total transaction of C$3,657,000.00.
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