TerraVest Industries Inc. (TSE:TVK) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• TerraVest Industries Inc. has received a consensus rating of "Moderate Buy" from seven analysts, with a 12-month price target averaging C$181.00.
• Recent research reports have led to multiple downgrades in price targets, with Scotiabank, Desjardins, and BMO Capital Markets reducing their projections for the stock to between C$175.00 and C$176.00.
• Company insider Pierre Fournier sold 2,000 shares at an average price of C$165.75, totaling over C$331,000, while insiders hold 29.81% of the company’s stock.

TerraVest Industries Inc. (TSE:TVK - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$181.00.

TVK has been the subject of a number of research reports. Scotiabank lowered their price target on TerraVest Industries from C$180.00 to C$176.00 and set a "sector perform" rating for the company in a report on Friday, August 15th. Desjardins cut their target price on shares of TerraVest Industries from C$185.00 to C$175.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. BMO Capital Markets cut their target price on shares of TerraVest Industries from C$180.00 to C$175.00 in a research report on Friday, August 15th. National Bankshares cut their target price on shares of TerraVest Industries from C$200.00 to C$185.00 and set an "outperform" rating on the stock in a research report on Friday, August 15th. Finally, CIBC set a C$175.00 target price on shares of TerraVest Industries and gave the company a "neutral" rating in a research report on Wednesday, August 13th.

Insider Buying and Selling

In other news, Director Pierre Fournier sold 2,000 shares of the firm's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of C$165.75, for a total value of C$331,504.00. Company insiders own 29.81% of the company's stock.

TerraVest Industries Stock Up 0.4%

Shares of TSE TVK opened at C$140.95 on Friday. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The firm has a market capitalization of C$3.06 billion, a price-to-earnings ratio of 36.23 and a beta of 0.61. The stock has a 50 day moving average price of C$146.67 and a 200 day moving average price of C$153.59. TerraVest Industries has a 52-week low of C$96.29 and a 52-week high of C$176.64.

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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