Scotiabank Boosts TerraVest Industries (TSE:TVK) Price Target to C$140.00

TerraVest Industries (TSE:TVK) had its price target hoisted by Scotiabank from C$126.00 to C$140.00 in a research note published on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on TVK. Canaccord Genuity Group boosted their price objective on shares of TerraVest Industries from C$132.00 to C$170.00 and gave the company a “buy” rating in a research report on Tuesday. Desjardins boosted their price target on TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a report on Tuesday. National Bankshares increased their price objective on TerraVest Industries from C$126.00 to C$134.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, National Bank Financial lowered TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$137.00.

TerraVest Industries Stock Up 4.7 %

TSE:TVK opened at C$137.16 on Tuesday. The company has a market cap of C$2.69 billion, a price-to-earnings ratio of 40.47 and a beta of 0.66. TerraVest Industries has a twelve month low of C$55.73 and a twelve month high of C$144.99. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. The stock has a fifty day simple moving average of C$121.60 and a 200-day simple moving average of C$112.45.

TerraVest Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.70 dividend on an annualized basis and a yield of 0.51%. This is a positive change from TerraVest Industries’s previous quarterly dividend of $0.15. TerraVest Industries’s dividend payout ratio is currently 17.70%.

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.