Scotiabank Issues Positive Forecast for TerraVest Industries (TSE:TVK) Stock Price

TerraVest Industries (TSE:TVK) had its price objective upped by research analysts at Scotiabank from C$126.00 to C$140.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential downside of 0.60% from the stock’s previous close.

A number of other brokerages have also recently weighed in on TVK. National Bank Financial cut TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. National Bankshares increased their price objective on TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research note on Tuesday. Canaccord Genuity Group increased their price objective on TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Desjardins increased 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$137.00.

TerraVest Industries Trading Up 2.7 %

Shares of TVK stock opened at C$140.85 on Tuesday. TerraVest Industries has a fifty-two week low of C$55.73 and a fifty-two week high of C$144.99. The stock has a market cap of C$2.77 billion, a P/E ratio of 41.56 and a beta of 0.66. The business has a fifty day simple moving average of C$122.17 and a 200-day simple moving average of C$112.76. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38.

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.