CIBC Reiterates "C$175.00" Price Target for TerraVest Industries (TSE:TVK)

Key Points

• CIBC has set a price target of C$175.00 for TerraVest Industries, indicating a potential upside of 16.17% from its current price, while maintaining a "neutral" rating on the stock.
• Several analysts have varied ratings on TerraVest, with BMO Capital raising it to "hold," Scotiabank increasing its target to C$176.00 with an "outperform" rating, and Canaccord Genuity giving it a "buy" rating with a target of C$200.00.
• In the last quarter, insiders sold 104,000 shares worth approximately $17.23 million, and corporate insiders currently own 29.81% of the company stock.

TerraVest Industries (TSE:TVK - Get Free Report) received a C$175.00 price target from investment analysts at CIBC in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "neutral" rating on the stock. CIBC's price objective indicates a potential upside of 16.17% from the company's current price.

Several other equities analysts have also commented on TVK. BMO Capital Markets raised shares of TerraVest Industries to a "hold" rating in a report on Tuesday, May 27th. Scotiabank lifted their price target on shares of TerraVest Industries from C$171.00 to C$176.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. National Bankshares decreased their price target on shares of TerraVest Industries from C$205.00 to C$200.00 and set an "outperform" rating on the stock in a report on Tuesday, August 5th. National Bank Financial raised shares of TerraVest Industries from a "hold" rating to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Canaccord Genuity Group lifted their price target on shares of TerraVest Industries from C$170.00 to C$200.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$185.20.

TerraVest Industries Stock Performance

TerraVest Industries stock traded down C$14.77 during midday trading on Wednesday, hitting C$150.64. The company's stock had a trading volume of 247,976 shares, compared to its average volume of 89,915. TerraVest Industries has a 1-year low of C$81.00 and a 1-year high of C$176.64. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The company has a 50-day moving average price of C$166.94 and a two-hundred day moving average price of C$148.45. The company has a market cap of C$2.96 billion, a price-to-earnings ratio of 44.44 and a beta of 0.66.

Insider Transactions at TerraVest Industries

In related news, Director Charles Pellerin sold 14,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of C$165.10, for a total transaction of C$2,311,400.00. Also, Director Pierre Fournier sold 2,000 shares of the stock in a transaction dated Friday, July 11th. The shares were sold at an average price of C$165.75, for a total transaction of C$331,504.00. Insiders sold a total of 104,000 shares of company stock worth $17,230,544 in the last quarter. 29.81% of the stock is currently owned by corporate insiders.

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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