Westshore Terminals Investment Corp (WTE) PT Raised to C$26.00
Westshore Terminals Investment Corp (TSE:WTE) had its target price lifted by equities research analysts at RBC Capital Markets from C$24.00 to C$26.00 in a research report issued to clients and investors on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital Markets’ price target indicates a potential upside of 8.20% from the stock’s current price.
A number of other brokerages have also issued reports on WTE. Scotiabank upped their price target 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. TD Securities restated 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. CIBC upped their price target on shares of Westshore Terminals Investment Corp from C$15.00 to C$20.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 9th. BMO Capital Markets upgraded shares of Westshore Terminals Investment Corp from an “underperform” rating to a “market perform” rating and upped their price target for the company from C$14.00 to C$19.00 in a research note on Monday, August 15th. Finally, Royal Bank Of Canada upped their price target on shares of Westshore Terminals Investment Corp from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of C$22.43.
Shares of Westshore Terminals Investment Corp (TSE:WTE) traded up 1.25% during mid-day trading on Friday, reaching $24.33. 84,982 shares of the company’s stock were exchanged. Westshore Terminals Investment Corp has a 1-year low of $9.84 and a 1-year high of $28.09. The company’s 50 day moving average is $22.41 and its 200 day moving average is $19.33. The stock has a market capitalization of $1.79 billion and a PE ratio of 12.37.
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The company also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Saturday, October 15th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Wednesday, September 28th.
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