Westshore Terminals Gets a Buy Rating from TD Securities

By Austin Angelo

Wall Street analyst has provided a review for the Services company yesterday, but retained the same rating on the stock. Analyst Greg Barnes from TD Securities rated Westshore Terminals (TSX: WTE) a Buy, setting a C$27 price target.

Barnes commented:

“We continue to be of the view that an outright ban or a levy of this magnitude is highly unlikely as it is a broader issue encroaching on international trade relations with the U.S.”

According to TipRanks.com, Barnes is ranked 0 out of 5 stars with an average return of -9.7% and a 25.0% success rate. Barnes covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Teck Resources Limited, and Hudbay Minerals Inc.

Westshore Terminals has an analyst consensus of Hold, with a price target consensus of C$25.

Westshore Terminals’ market cap is currently C$1.57B and has a P/E ratio of 15.1.

Westshore Terminals Investment Corp. operates as a holding company, which through its subsidiaries is engaged in the coal storage and loading terminal business. The company was founded on September 28, 2010 and is headquartered in Vancouver, Canada.

The company’s shares closed last Tuesday at $21.42.