Scotiabank Lowers TerraVest Industries (TSE:TVK) Price Target to C$171.00

Key Points

• Scotiabank has reduced its price target for TerraVest Industries from C$176.00 to C$171.00, indicating a potential upside of 26.20% from the current share price.
• The stock has received a consensus rating of "Moderate Buy" among analysts, with a price target averaging C$178.50.
• TerraVest Industries shares traded down to C$135.50, with a notable 52-week range between C$98.01 and C$176.64.

TerraVest Industries (TSE:TVK - Get Free Report) had its target price lowered by analysts at Scotiabank from C$176.00 to C$171.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Scotiabank's price objective points to a potential upside of 26.20% from the company's current price.

Several other equities analysts have also commented on TVK. CIBC set a C$175.00 price objective on TerraVest Industries and gave the company a "neutral" rating in a research report on Wednesday, August 13th. BMO Capital Markets cut their target price on TerraVest Industries from C$175.00 to C$165.00 in a research note on Friday, October 10th. Desjardins lowered their price objective on shares of TerraVest Industries from C$185.00 to C$175.00 and set a "buy" rating for the company in a report on Friday, August 15th. Finally, National Bankshares lowered their price objective on shares of TerraVest Industries from C$200.00 to C$185.00 and set an "outperform" rating for the company in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$178.50.

TerraVest Industries Price Performance

Shares of TSE TVK traded down C$4.48 during mid-day trading on Friday, reaching C$135.50. 64,340 shares of the company were exchanged, compared to its average volume of 85,807. TerraVest Industries has a 52 week low of C$98.01 and a 52 week high of C$176.64. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The stock has a market capitalization of C$2.94 billion, a PE ratio of 34.83 and a beta of 0.43. The company's 50 day moving average price is C$142.27 and its 200 day moving average price is C$153.35.

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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