Westshore Terminals Investment Corp (WTE) Price Target Increased to C$26.00 by Analysts at Royal Bank Of Canada
Westshore Terminals Investment Corp (TSE:WTE) had its price target lifted by equities researchers at Royal Bank Of Canada from C$24.00 to C$26.00 in a report released on Friday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 8.20% from the company’s previous close.
Other equities research analysts have also issued reports about the company. RBC Capital Markets lifted their price target on Westshore Terminals Investment Corp from C$23.00 to C$24.00 in a research report on Saturday, August 6th. CIBC lifted their price objective on Westshore Terminals Investment Corp from C$20.00 to C$23.00 in a research note on Thursday, September 22nd. TD Securities upgraded Westshore Terminals Investment Corp from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$17.50 to C$26.00 in a research note on Thursday, September 22nd. BMO Capital Markets upgraded Westshore Terminals Investment Corp from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from C$14.00 to C$19.00 in a research note on Monday, August 15th. Finally, Scotiabank lifted their price objective on 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Westshore Terminals Investment Corp currently has a consensus rating of “Hold” and an average price target of C$22.14.
Westshore Terminals Investment Corp (TSE:WTE) traded up 0.79% on Friday, hitting $24.22. The stock had a trading volume of 78,022 shares. Westshore Terminals Investment Corp has a 52 week low of $9.84 and a 52 week high of $28.09. The firm has a 50-day moving average of $22.41 and a 200 day moving average of $19.33. The company has a market capitalization of $1.78 billion and a price-to-earnings ratio of 12.31.
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The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Saturday, October 15th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Wednesday, September 28th.
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