Westshore Terminals Investment Corp (WTE) Receives Average Recommendation of “Hold” from Brokerages
Shares of Westshore Terminals Investment Corp (TSE:WTE) have been given a consensus rating of “Buy” by the seven research firms that are covering the firm. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$22.43.
WTE has been the topic of several research analyst reports. Scotiabank boosted their price target on shares of 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. TD Securities reiterated a “hold” rating and issued a C$17.50 price target on shares of Westshore Terminals Investment Corp in a research note on Thursday, August 4th. RBC Capital Markets boosted their price target on shares of Westshore Terminals Investment Corp from C$23.00 to C$24.00 in a research note on Saturday, August 6th. CIBC boosted their price target on shares of 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 upgraded shares of Westshore Terminals Investment Corp from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from C$14.00 to C$19.00 in a research note on Monday, August 15th.
In other Westshore Terminals Investment Corp news, insider James A. Pattison bought 150,000 shares of Westshore Terminals Investment Corp stock in a transaction dated Friday, October 7th. The shares were purchased at an average cost of C$24.38 per share, for a total transaction of C$3,657,000.00.
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Westshore Terminals Investment Corp (TSE:WTE) traded down 0.45% during mid-day trading on Tuesday, hitting $24.32. 99,600 shares of the stock were exchanged. Westshore Terminals Investment Corp has a 52 week low of $9.84 and a 52 week high of $27.95. The company’s 50-day moving average price is $22.58 and its 200 day moving average price is $19.47. The firm has a market capitalization of $1.79 billion and a price-to-earnings ratio of 12.36.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Saturday, October 15th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.62%.
About Westshore Terminals Investment Corp
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