TerraVest Industries (TSE:TVK) Stock Price Expected to Rise, Scotiabank Analyst Says

TerraVest Industries (TSE:TVK) had its price objective lifted by investment analysts at Scotiabank from C$125.00 to C$126.00 in a research note issued on Tuesday,BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 6.50% from the company’s current price.

Other analysts have also recently issued reports about the stock. National Bank Financial cut shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. National Bankshares decreased their target price 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 report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, TerraVest Industries has an average rating of “Moderate Buy” and a consensus target price of C$109.50.

TerraVest Industries Stock Down 1.6 %

Shares of TVK stock opened at C$118.31 on Tuesday. The stock has a market cap of C$2.32 billion, a P/E ratio of 34.91 and a beta of 0.66. TerraVest Industries has a 52 week low of C$52.15 and a 52 week high of C$139.59. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The company’s fifty day simple moving average is C$121.93 and its two-hundred day simple moving average is C$108.76.

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.