TerraVest Industries (TSE:TVK) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

TerraVest Industries (TSE:TVK) had its target price upped by research analysts at Canaccord Genuity Group from C$132.00 to C$170.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 20.70% from the company’s previous close.

A number of other analysts have also commented on the stock. National Bank Financial lowered shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Scotiabank lifted their price target on shares of TerraVest Industries from C$125.00 to C$126.00 in a research note on Tuesday, February 18th. Desjardins lifted their price target on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, National Bankshares raised their price objective on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$137.00.

TerraVest Industries Stock Up 2.7 %

TSE:TVK opened at C$140.85 on Tuesday. The firm has a market cap of C$2.77 billion, a P/E ratio of 41.56 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. TerraVest Industries has a fifty-two week low of C$55.73 and a fifty-two week high of C$144.99. The firm has a 50-day simple moving average of C$122.17 and a two-hundred day simple moving average of C$112.76.

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.