Westshore Terminals Investment Corp (WTE) Raised to “Outperform” at Scotiabank
Westshore Terminals Investment Corp (TSE:WTE) was upgraded by stock analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued on Tuesday. The firm currently has a C$27.00 target price on the stock, up from their previous target price of C$25.00. Scotiabank’s price objective would indicate a potential upside of 17.19% from the company’s previous close.
A number of other research firms also recently issued reports on WTE. BMO Capital Markets reissued a “market perform” rating and issued a C$24.00 price target on shares of Westshore Terminals Investment Corp in a research note on Tuesday, May 30th. TD Securities boosted their price target on shares of Westshore Terminals Investment Corp from C$27.00 to C$31.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada raised shares of Westshore Terminals Investment Corp from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$24.00 to C$30.00 in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$27.00.
Shares of Westshore Terminals Investment Corp (TSE WTE) traded up 6.12% during trading on Tuesday, reaching $24.45. 197,900 shares of the company’s stock were exchanged. The stock has a market cap of $1.79 billion and a P/E ratio of 17.74. Westshore Terminals Investment Corp has a 12-month low of $18.66 and a 12-month high of $29.05. The company has a 50 day moving average of $21.62 and a 200 day moving average of $24.07.
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In related news, Director H. Clark Hollands bought 2,000 shares of the stock in a transaction dated Monday, June 26th. The stock was acquired at an average price of C$21.32 per share, for a total transaction of C$42,640.00. Also, Director M. Dallas H. Ross bought 8,000 shares of the stock in a transaction dated Wednesday, May 24th. The stock was bought at an average price of C$19.50 per share, with a total value of C$156,000.00. Insiders have acquired a total of 17,735 shares of company stock valued at $360,277 in the last quarter.
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