TerraVest Industries (TSE:TVK - Get Free Report) was upgraded by analysts at BMO Capital Markets to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.
Several other equities research analysts have also commented on the company. National Bank Financial upgraded TerraVest Industries from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 2nd. Canaccord Genuity Group increased their price target on TerraVest Industries from C$170.00 to C$200.00 and gave the company a "buy" rating in a report on Thursday, May 22nd. Scotiabank increased their target price on TerraVest Industries from C$171.00 to C$176.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Desjardins raised TerraVest Industries to a "moderate buy" rating and raised their price target for the stock from C$172.00 to C$175.00 in a report on Thursday, May 22nd. Finally, National Bankshares raised TerraVest Industries from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$134.00 to C$190.00 in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, TerraVest Industries presently has a consensus rating of "Buy" and a consensus target price of C$166.40.
Check Out Our Latest Report on TerraVest Industries
TerraVest Industries Price Performance
Shares of TSE:TVK traded up C$5.15 on Tuesday, hitting C$168.74. The company had a trading volume of 132,703 shares, compared to its average volume of 105,581. The business has a 50 day moving average of C$149.36 and a 200 day moving average of C$130.57. TerraVest Industries has a 52-week low of C$67.66 and a 52-week high of C$176.64. The company has a market cap of C$3.31 billion, a PE ratio of 49.78 and a beta of 0.66. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38.
Insider Transactions at TerraVest Industries
In related news, Director Charles Pellerin sold 14,000 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of C$165.10, for a total value of C$2,311,400.00. 29.81% of the stock is owned by company insiders.
About TerraVest Industries
(
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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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