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

TerraVest Industries (TSE:TVK) had its price target lifted by research analysts at Scotiabank from C$125.00 to C$126.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 5.01% from the company’s current price.

Several other analysts have also issued reports on TVK. 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. National Bankshares reduced their price target on shares of TerraVest Industries from C$128.00 to C$126.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$109.50.

TerraVest Industries Stock Up 0.6 %

Shares of TSE TVK traded up C$0.74 during trading on Tuesday, hitting C$119.99. The stock had a trading volume of 23,395 shares, compared to its average volume of 94,696. TerraVest Industries has a 12 month low of C$52.15 and a 12 month high of C$139.59. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The company has a market capitalization of C$2.36 billion, a PE ratio of 35.40 and a beta of 0.66. The firm has a fifty day moving average of C$122.14 and a two-hundred day moving average of C$108.23.

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.