TerraVest Industries (TSE:TVK - Get Free Report) had its price objective dropped by investment analysts at National Bankshares from C$205.00 to C$200.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' target price would indicate a potential upside of 24.33% from the stock's previous close.
Several other analysts have also commented on the company. BMO Capital Markets raised TerraVest Industries to a "hold" rating in a research note on Tuesday, May 27th. Scotiabank boosted their price target on TerraVest Industries from C$171.00 to C$176.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. National Bank Financial raised TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Desjardins raised TerraVest Industries to a "moderate buy" rating and boosted their price target for the company from C$172.00 to C$175.00 in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group boosted their price objective on TerraVest Industries from C$170.00 to C$200.00 and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, TerraVest Industries currently has an average rating of "Buy" and a consensus target price of C$187.75.
View Our Latest Report on TerraVest Industries
TerraVest Industries Stock Performance
TVK traded down C$6.17 on Tuesday, hitting C$160.86. The company had a trading volume of 84,623 shares, compared to its average volume of 88,986. 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's fifty day moving average price is C$167.84 and its 200 day moving average price is C$147.45. The stock has a market cap of C$3.16 billion, a price-to-earnings ratio of 47.46 and a beta of 0.66. TerraVest Industries has a 1-year low of C$73.00 and a 1-year high of C$176.64.
Insider Activity at TerraVest Industries
In other TerraVest Industries news, Director Charles Pellerin sold 14,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of C$165.10, for a total value of C$2,311,400.00. Also, Director Dustin Haw sold 60,000 shares of the stock in a transaction dated 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. Over the last quarter, insiders sold 104,000 shares of company stock worth $17,230,544. 29.81% of the stock is owned by insiders.
About TerraVest Industries
(
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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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