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

TerraVest Industries (TSE:TVK) had its price target raised by research analysts at Desjardins from C$125.00 to C$150.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 5.66% from the company’s previous close.

Several other research firms have also weighed in on TVK. National Bank Financial lowered shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. National Bankshares lifted their price objective on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, Scotiabank boosted their target price on shares of TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$137.00.

TerraVest Industries Trading Up 8.3 %

TerraVest Industries stock traded up C$10.93 during midday trading on Tuesday, reaching C$141.97. The stock had a trading volume of 291,276 shares, compared to its average volume of 105,423. The stock has a market capitalization of C$2.79 billion, a PE ratio of 41.89 and a beta of 0.66. 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 stock’s 50-day simple moving average is C$121.12 and its 200 day simple moving average is C$112.17. TerraVest Industries has a twelve month low of C$55.73 and a twelve month high of C$144.99.

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.