Westshore Terminals Investment Corp (WTE) Insider Acquires C$1,998,750.00 in Stock

Westshore Terminals Investment Corp (TSE:WTE) insider James A. Pattison bought 75,000 shares of the stock in a transaction on Wednesday, April 12th. The shares were acquired at an average cost of C$26.65 per share, for a total transaction of C$1,998,750.00.

Shares of Westshore Terminals Investment Corp (TSE:WTE) traded down 1.84% during midday trading on Thursday, hitting $26.19. The stock had a trading volume of 180,828 shares. Westshore Terminals Investment Corp has a one year low of $16.91 and a one year high of $29.05. The company has a market capitalization of $1.93 billion and a PE ratio of 16.17. The firm’s 50-day moving average is $26.84 and its 200 day moving average is $26.35.

The business also recently announced a quarterly dividend, which will be paid on Saturday, April 15th. Shareholders of record on Saturday, April 15th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Wednesday, March 29th.

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Several equities analysts have weighed in on WTE shares. Scotiabank lifted their target price on Westshore Terminals Investment Corp from C$26.00 to C$26.50 and gave the company a “sector perform” rating in a research note on Thursday, March 23rd. TD Securities reiterated a “buy” rating and set a C$31.00 price target on shares of Westshore Terminals Investment Corp in a report on Wednesday, March 22nd. Finally, Royal Bank of Canada upgraded Westshore Terminals Investment Corp from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$27.00 to C$30.00 in a report on Thursday, February 16th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$25.90.

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