TerraVest Industries (TSE:TVK) Stock Price Expected to Rise, Scotiabank Analyst Says

TerraVest Industries (TSE:TVK - Get Free Report) had its price target lifted by research analysts at Scotiabank from C$141.00 to C$171.00 in a report released on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Scotiabank's price objective points to a potential upside of 5.30% from the company's previous close.

Several other equities research analysts also recently weighed in on the stock. National Bankshares upgraded shares of TerraVest Industries from a "sector perform" rating to an "outperform" rating and raised their target price for the company from C$134.00 to C$190.00 in a research note on Friday. Desjardins boosted their price target on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a "buy" rating in a research note on Tuesday, March 18th. Finally, Canaccord Genuity Group increased their price objective on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$158.80.

TerraVest Industries Stock Up 0.5 %

TVK traded up C$0.76 on Monday, hitting C$162.40. The company had a trading volume of 57,477 shares, compared to its average volume of 102,997. The stock has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 47.91 and a beta of 0.66. The stock has a fifty day moving average price of C$131.90 and a 200-day moving average price of C$122.70. TerraVest Industries has a 12-month low of C$67.66 and a 12-month high of C$163.90. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44.

TerraVest Industries Company Profile

TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.

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