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

TerraVest Industries (TSE:TVK) had its target price hoisted by investment analysts at Scotiabank from C$125.00 to C$126.00 in a report released on Tuesday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 5.01% from the stock’s previous close.

TVK has been the subject of a number of other research reports. National Bankshares cut their target price on shares of TerraVest Industries from C$128.00 to C$126.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. National Bank Financial lowered shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TerraVest Industries has an average rating of “Moderate Buy” and an average target price of C$109.50.

TerraVest Industries Stock Up 0.6 %

TerraVest Industries stock traded up C$0.74 during mid-day trading on Tuesday, reaching C$119.99. The company’s stock had a trading volume of 23,395 shares, compared to its average volume of 94,696. The company has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 35.40 and a beta of 0.66. TerraVest Industries has a 12 month low of C$52.15 and a 12 month high of C$139.59. The business’s 50 day simple moving average is C$122.14 and its 200 day simple moving average is C$108.23. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44.

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.