BMO Capital Markets Has Lowered Expectations for TerraVest Industries (TSE:TVK) Stock Price

Key Points

• BMO Capital Markets has reduced its target price for TerraVest Industries from C$175.00 to C$165.00, suggesting a potential upside of 20.36% from its previous close.
• Other analysts have also adjusted their target prices for the stock, with the consensus rating noted as "Moderate Buy" and a price target of C$179.33.
• As of the latest trading session, TerraVest Industries shares fell to C$137.09, with the stock's notable performance showing a year range between C$98.01 and C$176.64.

TerraVest Industries (TSE:TVK - Get Free Report) had its target price decreased by research analysts at BMO Capital Markets from C$175.00 to C$165.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets' target price points to a potential upside of 20.36% from the stock's previous close.

A number of other research analysts have also recently weighed in on TVK. CIBC set a C$175.00 target price on shares of TerraVest Industries and gave the company a "neutral" rating in a research note on Wednesday, August 13th. National Bankshares lowered their target price on shares of TerraVest Industries from C$200.00 to C$185.00 and set an "outperform" rating on the stock in a research note on Friday, August 15th. Scotiabank lowered their target price on shares of TerraVest Industries from C$180.00 to C$176.00 and set a "sector perform" rating on the stock in a research note on Friday, August 15th. Finally, Desjardins lowered their target price on shares of TerraVest Industries from C$185.00 to C$175.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, TerraVest Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of C$179.33.

TerraVest Industries Stock Performance

Shares of TVK stock traded down C$4.28 during mid-day trading on Friday, reaching C$137.09. 78,955 shares of the company's stock traded hands, compared to its average volume of 86,160. TerraVest Industries has a 12 month low of C$98.01 and a 12 month high of C$176.64. The firm has a 50 day moving average price of C$144.53 and a two-hundred day moving average price of C$153.51. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The firm has a market capitalization of C$2.97 billion, a PE ratio of 35.24 and a beta of 0.43.

About TerraVest Industries

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments are Fuel Containment, Processing Equipment, and Service.

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