National Bankshares Cuts TerraVest Industries (TSE:TVK) Price Target to C$185.00

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 target reduced by National Bankshares from C$200.00 to C$185.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 32.01% from the stock's previous close.

A number of other brokerages have also issued reports on TVK. Desjardins raised shares of TerraVest Industries to a "moderate buy" rating and increased their price objective for the company from C$172.00 to C$175.00 in a report on Thursday, May 22nd. BMO Capital Markets cut their target price on shares of TerraVest Industries from C$180.00 to C$175.00 in a research note on Friday. National Bank Financial upgraded shares of TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. CIBC set a C$175.00 price objective on TerraVest Industries and gave the company a "neutral" rating in a research report on Wednesday. Finally, Canaccord Genuity Group lifted their target price on TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$181.00.

TerraVest Industries Price Performance

TSE:TVK traded down C$2.64 on Friday, reaching C$140.14. 205,226 shares of the company's stock traded hands, compared to its average volume of 91,512. The stock has a 50-day simple moving average of C$166.02 and a 200-day simple moving average of C$148.56. TerraVest Industries has a 12 month low of C$89.60 and a 12 month high of C$176.64. The firm has a market cap of C$2.75 billion, a PE ratio of 41.35 and a beta of 0.66. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38.

Insider Activity

In other TerraVest Industries news, Director Charles Pellerin sold 14,000 shares of the company'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. Also, Director Dustin Haw sold 60,000 shares of TerraVest Industries stock in a transaction that occurred on Monday, May 26th. The stock was sold at an average price of C$163.35, for a total value of C$9,801,000.00. In the last three months, insiders have sold 78,000 shares of company stock worth $12,783,764. 29.81% of the stock is currently owned by corporate insiders.

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.

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