Scotiabank Raises TerraVest Industries (TSE:TVK) Price Target to C$141.00

TerraVest Industries (TSE:TVK) had its price objective raised by analysts at Scotiabank from C$140.00 to C$141.00 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank’s target price suggests a potential upside of 8.38% from the company’s previous close.

TVK has been the topic of several other research reports. Canaccord Genuity Group boosted their price target 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. National Bankshares upped their target price on TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 18th. Finally, Desjardins raised their target price on TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TerraVest Industries has an average rating of “Moderate Buy” and an average price target of C$137.20.

TerraVest Industries Trading Down 2.7 %

Shares of TSE TVK traded down C$3.61 during trading hours on Thursday, hitting C$130.10. The company’s stock had a trading volume of 64,159 shares, compared to its average volume of 109,085. The stock has a market cap of C$2.55 billion, a price-to-earnings ratio of 38.38 and a beta of 0.66. TerraVest Industries has a 12 month low of C$67.66 and a 12 month high of C$152.07. The business has a 50-day simple moving average of C$126.31 and a 200-day simple moving average of C$117.57. 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.