Time to Reconsider WESTSHORE TERMINALS INVESTMENT CORP After Reaching 52-Week High?

 Time to Reconsider WESTSHORE TERMINALS INVESTMENT CORP After Reaching 52 Week High?

The stock of WESTSHORE TERMINALS INVESTMENT CORP (TSE:WTE) hit a new 52-week high and has $39.41 target or 42.00% above today’s $27.75 share price. The 9 months bullish chart indicates low risk for the $1.95 billion company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $39.41 price target is reached, the company will be worth $819.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 180,050 shares traded hands or 24.91% up from the average. WESTSHORE TERMINALS INVESTMENT CORP (TSE:WTE) has risen 48.52% since April 11, 2016 and is uptrending. It has outperformed by 44.59% the S&P500.

WESTSHORE TERMINALS INVESTMENT CORP (TSE:WTE) Ratings Coverage

Out of 5 analysts covering Westshore Terminals Investment Corporation (TSE:WTE), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. $33 is the highest target while $13 is the lowest. The $23 average target is -17.12% below today’s ($27.75) stock price. Westshore Terminals Investment Corporation has been the topic of 23 analyst reports since August 10, 2015 according to StockzIntelligence Inc. TD Securities upgraded it to “Buy” rating and $26 target price in Thursday, September 22 report. The stock of WESTSHORE TERMINALS INVESTMENT CORP (TSE:WTE) has “Underperform” rating given on Monday, May 30 by BMO Capital Markets. The rating was downgraded by RBC Capital Markets on Friday, November 4 to “Sector Perform”. The stock has “Reduce” rating given by TD Securities on Thursday, October 29. Scotia Capital maintained it with “Sector Perform” rating and $33 target price in Monday, August 10 report. The firm has “Sector Perform” rating by Scotia Capital given on Monday, September 21.

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