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

TerraVest Industries (TSE:TVK) had its target price upped by Scotiabank from C$140.00 to C$141.00 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 8.38% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group boosted their price objective 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 increased their price objective 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, March 18th. Finally, Desjardins boosted their target price on TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a research report 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$137.20.

TerraVest Industries Price Performance

Shares of TSE TVK traded down C$3.61 during mid-day trading on Thursday, hitting C$130.10. 64,159 shares of the company’s stock traded hands, compared to its average volume of 109,085. The company has a market capitalization of C$2.55 billion, a P/E ratio of 38.38 and a beta of 0.66. 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 company’s 50-day moving average is C$126.31 and its two-hundred day moving average is C$117.57. TerraVest Industries has a 1 year low of C$67.66 and a 1 year high of C$152.07.

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.