Westshore Terminals (TSE:WTE) Price Target Raised to C$29.00 at Royal Bank of Canada

Westshore Terminals (TSE:WTE) had its price target upped by Royal Bank of Canada to C$29.00 in a report published on Monday, May 7th. The brokerage currently has an outperform rating on the stock.

Separately, TD Securities downgraded Westshore Terminals from a buy rating to a hold rating and cut their price target for the company from C$31.00 to C$27.00 in a research note on Friday, March 2nd.

Westshore Terminals opened at C$23.36 on Monday, MarketBeat Ratings reports. Westshore Terminals has a twelve month low of C$19.07 and a twelve month high of C$26.57.

Westshore Terminals (TSE:WTE) last posted its quarterly earnings results on Monday, March 19th. The company reported C$0.36 earnings per share for the quarter. The company had revenue of C$80.79 million during the quarter.

In other Westshore Terminals news, Director Brian Canfield acquired 8,000 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The shares were acquired at an average price of C$22.18 per share, with a total value of C$177,440.00. Also, insider James A. Pattison acquired 165,400 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average cost of C$22.85 per share, for a total transaction of C$3,779,390.00. Insiders have purchased a total of 529,600 shares of company stock worth $12,356,954 in the last ninety days.

About Westshore Terminals

Westshore Terminals Investment Corporation, through its limited partner interests in Westshore Terminals Limited Partnership, operates a coal storage and loading terminal at Roberts Bank, British Columbia in Canada. It has contracts to ship coal from five mines in British Columbia and one mine in Alberta, as well as from three mines in the north-western United States.

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