Westshore Terminals Investment Corp (WTE) Stock Rating Upgraded by Scotiabank
Scotiabank upgraded shares of Westshore Terminals Investment Corp (TSE:WTE) from a sector perform rating to an outperform rating in a report published on Tuesday. The firm currently has C$27.00 price target on the stock, up from their prior price target of C$25.00.
Several other equities research analysts also recently issued reports on WTE. TD Securities lifted their price objective on Westshore Terminals Investment Corp from C$27.00 to C$31.00 and gave the stock a buy rating in a report on Thursday, July 27th. Royal Bank Of Canada upgraded Westshore Terminals Investment Corp from a sector perform rating to an outperform rating and lifted their price objective for the stock from C$24.00 to C$30.00 in a report on Tuesday, July 25th. Finally, BMO Capital Markets restated a market perform rating and set a C$24.00 price objective on shares of Westshore Terminals Investment Corp in a report on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of C$27.00.
Shares of Westshore Terminals Investment Corp (TSE:WTE) traded up 1.16% during trading on Tuesday, reaching $24.46. 18,600 shares of the company’s stock traded hands. Westshore Terminals Investment Corp has a 1-year low of $18.75 and a 1-year high of $29.05. The stock has a market capitalization of $1.79 billion and a PE ratio of 17.75. The company has a 50 day moving average price of $21.78 and a 200 day moving average price of $24.04.
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The company also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Saturday, July 15th were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.65%.
In other news, Director M. Dallas H. Ross purchased 8,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was acquired at an average cost of C$19.50 per share, for a total transaction of C$156,000.00. Also, Director Glenn Dalziel Dudar purchased 1,535 shares of the stock in a transaction dated Friday, June 9th. The stock was purchased at an average price of C$21.37 per share, with a total value of C$32,802.95. Insiders bought a total of 17,735 shares of company stock valued at $360,277 over the last quarter.
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