TerraVest Industries (TSE:TVK) Trading 17.3% Higher – Time to Buy?

TerraVest Industries Inc. (TSE:TVK) shares traded up 17.3% on Monday . The company traded as high as C$128.00 and last traded at C$127.52. 108,954 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 98,697 shares. The stock had previously closed at C$108.71.

Analysts Set New Price Targets

TVK has been the topic of a number of recent research reports. National Bank Financial cut shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. National Bankshares dropped their price target on shares of TerraVest Industries from C$128.00 to C$126.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. Finally, Scotiabank upped their target price on shares of TerraVest Industries from C$125.00 to C$126.00 in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$109.50.

TerraVest Industries Trading Up 19.4 %

The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The stock’s 50-day simple moving average is C$120.72 and its two-hundred day simple moving average is C$111.92. The firm has a market capitalization of C$2.55 billion, a P/E ratio of 38.31 and a beta of 0.66.

About TerraVest Industries

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.