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

TerraVest Industries (TSE:TVK) had its target price hoisted by Scotiabank from C$125.00 to C$126.00 in a report released on Tuesday morning,BayStreet.CA reports.

Other analysts have also recently issued reports about the company. 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 on the stock in a research report 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$109.50.

TerraVest Industries Stock Down 1.0 %

TSE TVK opened at C$117.12 on Tuesday. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. TerraVest Industries has a 52 week low of C$52.15 and a 52 week high of C$139.59. The stock has a market capitalization of C$2.30 billion, a P/E ratio of 34.55 and a beta of 0.66. The stock has a fifty day moving average of C$121.77 and a 200-day moving average of C$109.04.

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.