TerraVest Industries (TSE:TVK) Given New C$185.00 Price Target at National Bankshares

Key Points

• National Bankshares has reduced its price target for TerraVest Industries from C$200.00 to C$185.00, suggesting a potential upside of 32.01% based on the stock's last closing price.
• Several other brokerages have adjusted their ratings, with Desjardins upgrading to a "moderate buy" and BMO Capital Markets lowering their target to C$175.00.
• Director Charles Pellerin sold 14,000 shares of TerraVest Industries at an average price of C$165.10, contributing to a total insider sale of over C$12 million in the last three months.

TerraVest Industries (TSE:TVK - Get Free Report) had its price objective lowered by investment analysts at National Bankshares from C$200.00 to C$185.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price objective points to a potential upside of 29.16% from the company's previous close.

Several other research analysts have also recently issued reports on the company. CIBC set a C$175.00 price target on TerraVest Industries and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Scotiabank upped their price objective on shares of TerraVest Industries from C$171.00 to C$176.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Canaccord Genuity Group raised their target price on shares of TerraVest Industries from C$170.00 to C$200.00 and gave the company a "buy" rating in a research note on Thursday, May 22nd. National Bank Financial upgraded shares of TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Desjardins raised shares of TerraVest Industries to a "moderate buy" rating and upped their price target for the stock from C$172.00 to C$175.00 in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$181.00.

TerraVest Industries Stock Performance

TVK stock traded up C$2.16 on Friday, reaching C$143.23. The company's stock had a trading volume of 110,140 shares, compared to its average volume of 92,221. TerraVest Industries has a 52 week low of C$90.32 and a 52 week 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 market capitalization of C$2.81 billion, a P/E ratio of 42.26 and a beta of 0.66. The firm has a fifty day moving average of C$163.72 and a two-hundred day moving average of C$148.71.

Insider Activity

In other news, Director Dustin Haw sold 60,000 shares of TerraVest Industries stock in a transaction that occurred on Monday, May 26th. The shares were sold at an average price of C$163.35, for a total value of C$9,801,000.00. Also, Director Charles Pellerin sold 14,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of C$165.10, for a total transaction of C$2,311,400.00. In the last quarter, insiders sold 78,000 shares of company stock worth $12,783,764. Corporate insiders own 29.81% of the company's stock.

TerraVest Industries Company Profile

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.