TerraVest Industries (TSE:TVK) Price Target Lowered to C$175.00 at BMO Capital Markets

Key Points

• BMO Capital Markets has lowered its price target for TerraVest Industries from C$180.00 to C$175.00, suggesting a potential upside of 24.88% from the current stock price.
• TerraVest Industries' stock dropped by 1.8% to C$140.14, with a market capitalization of C$2.75 billion and a price-to-earnings ratio of 41.35.
• Insider trading activity includes significant sales, with corporate insiders selling 78,000 shares valued at over C$12 million in the last quarter.

TerraVest Industries (TSE:TVK - Get Free Report) had its price objective lowered by analysts at BMO Capital Markets from C$180.00 to C$175.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets' target price suggests a potential upside of 24.88% from the stock's current price.

TVK has been the subject of several other reports. National Bank Financial upgraded TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 2nd. Scotiabank upped their price target on shares of 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 Bankshares decreased their target price on TerraVest Industries from C$205.00 to C$200.00 and set an "outperform" rating for the company in a report on Tuesday, August 5th. CIBC set a C$175.00 price objective on shares of TerraVest Industries and gave the stock a "neutral" rating in a report on Wednesday. Finally, Desjardins upgraded TerraVest Industries to a "moderate buy" rating and lifted their target price for the stock from C$172.00 to C$175.00 in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, TerraVest Industries has an average rating of "Moderate Buy" and an average target price of C$181.00.

TerraVest Industries Stock Down 1.8%

TSE TVK traded down C$2.64 on Friday, reaching C$140.14. The stock had a trading volume of 205,226 shares, compared to its average volume of 91,512. The business has a 50 day moving average price of C$166.02 and a 200 day moving average price of C$148.56. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. TerraVest Industries has a 1 year low of C$89.60 and a 1 year high of C$176.64. The company has a market capitalization of C$2.75 billion, a price-to-earnings ratio of 41.35 and a beta of 0.66.

Insiders Place Their Bets

In related news, Director Pierre Fournier sold 2,000 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of C$165.75, for a total transaction of C$331,504.00. Also, Director Charles Pellerin sold 14,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$165.10, for a total transaction of C$2,311,400.00. Over the last quarter, insiders have sold 78,000 shares of company stock valued at $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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.