Westshore Terminals Investment Corp (WTE) Upgraded to “Buy” at TD Securities
Westshore Terminals Investment Corp (TSE:WTE) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a report released on Thursday, StockTargetPrices.com reports. The brokerage currently has a C$26.00 target price on the stock, up from their previous target price of C$17.50. TD Securities’ target price would suggest a potential upside of 11.83% from the stock’s previous close.
A number of other brokerages have also weighed in on WTE. CIBC boosted their target price on shares of Westshore Terminals Investment Corp from C$20.00 to C$23.00 in a research note on Thursday. BMO Capital Markets lowered shares of Westshore Terminals Investment Corp from a “market perform” rating to an “underperform” rating in a research note on Monday, May 30th. RBC Capital Markets boosted their target price on shares of Westshore Terminals Investment Corp from C$23.00 to C$24.00 in a research note on Saturday, August 6th. Finally, Scotiabank boosted their target price on shares of Westshore Terminals Investment Corp from C$18.75 to C$19.00 and gave the company a “sector perform” rating in a research note on Friday, August 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$21.71.
Shares of Westshore Terminals Investment Corp (TSE:WTE) traded up 5.20% during midday trading on Thursday, hitting $24.46. The company had a trading volume of 147,415 shares. Westshore Terminals Investment Corp has a 1-year low of $9.84 and a 1-year high of $28.33. The firm has a market capitalization of $1.80 billion and a P/E ratio of 12.44. The stock has a 50 day moving average price of $21.05 and a 200 day moving average price of $18.68.
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