TerraVest Industries (TSE:TVK) Stock Price Expected to Rise, Desjardins Analyst Says

TerraVest Industries (TSE:TVKGet Free Report) had its price target hoisted by investment analysts at Desjardins from C$125.00 to C$150.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 6.50% from the company’s previous close.

A number of other analysts have also weighed in on the stock. National Bank Financial lowered shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank raised their target price on shares of TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. Finally, National Bankshares raised their target price on shares of TerraVest Industries from C$126.00 to C$134.00 and gave the company a “sector perform” rating in a research report 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$137.00.

Check Out Our Latest Stock Analysis on TVK

TerraVest Industries Stock Performance

Shares of TSE:TVK opened at C$140.85 on Tuesday. The company’s 50 day simple moving average is C$122.17 and its 200 day simple moving average is C$112.76. The stock has a market capitalization of C$2.77 billion, a price-to-earnings ratio of 41.56 and a beta of 0.66. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. TerraVest Industries has a 1 year low of C$55.73 and a 1 year high of C$144.99.

TerraVest Industries Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for TerraVest Industries (TSE:TVK)

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