Scotiabank Forecasts Strong Price Appreciation for TerraVest Industries (TSE:TVK) Stock

TerraVest Industries (TSE:TVK) had its price target increased by equities research analysts at Scotiabank from C$126.00 to C$140.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential downside of 1.39% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. National Bankshares increased their price target 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. Canaccord Genuity Group lifted their target price on TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a report on Tuesday. National Bank Financial downgraded TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Finally, Desjardins lifted their price objective on TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, TerraVest Industries has an average rating of “Moderate Buy” and a consensus price target of C$137.00.

TerraVest Industries Trading Up 8.3 %

Shares of TerraVest Industries stock traded up C$10.93 on Tuesday, reaching C$141.97. The company had a trading volume of 291,276 shares, compared to its average volume of 105,423. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The firm has a market cap of C$2.79 billion, a PE ratio of 41.89 and a beta of 0.66. The firm’s 50 day moving average price is C$121.12 and its two-hundred day moving average price is C$112.17. TerraVest Industries has a 52-week low of C$55.73 and a 52-week 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.