TerraVest Industries (TSE:TVK) Given New C$179.00 Price Target at Scotiabank

by · The Cerbat Gem

TerraVest Industries (TSE:TVK – Get Free Report) had its target price hoisted by equities researchers at Scotiabank from C$165.00 to C$179.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 16.46% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets lowered their price target on shares of TerraVest Industries from C$165.00 to C$150.00 in a research report on Monday. Desjardins dropped their target price on TerraVest Industries from C$185.00 to C$175.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Finally, National Bankshares cut their target price on TerraVest Industries from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, TerraVest Industries currently has a consensus rating of “Buy” and a consensus price target of C$185.67.

Read Our Latest Stock Report on TVK

TerraVest Industries Trading Down 2.1%

TSE:TVK traded down C$3.33 during trading hours on Friday, hitting C$153.70. The company had a trading volume of 51,780 shares, compared to its average volume of 80,546. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. TerraVest Industries has a 52 week low of C$100.31 and a 52 week high of C$176.64. The company has a market capitalization of C$3.33 billion, a PE ratio of 39.51 and a beta of 0.48. The stock has a 50-day moving average price of C$130.70 and a 200 day moving average price of C$147.71.

TerraVest Industries Company Profile

(Get Free Report)

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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