Canaccord Genuity Group Issues Positive Forecast for TerraVest Industries (TSE:TVK) Stock Price

TerraVest Industries (TSE:TVK) had its price objective increased by equities research analysts at Canaccord Genuity Group from C$132.00 to C$170.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 19.74% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Scotiabank increased their price target on shares of TerraVest Industries from C$125.00 to C$126.00 in a report on Tuesday, February 18th. Desjardins raised their price objective on TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a report on Tuesday. National Bankshares lifted their target price on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, National Bank Financial cut TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$137.00.

TerraVest Industries Price Performance

Shares of TVK traded up C$10.93 during trading hours on Tuesday, reaching C$141.97. 291,276 shares of the company’s stock traded hands, compared to its average volume of 105,423. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. The firm’s 50 day simple moving average is C$121.12 and its 200-day simple moving average is C$112.17. The stock has a market cap of C$2.79 billion, a PE ratio of 41.89 and a beta of 0.66. TerraVest Industries has a 12 month low of C$55.73 and a 12 month high of C$144.99.

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.