TerraVest Industries (TSE:TVK) Given New C$170.00 Price Target at Canaccord Genuity Group

TerraVest Industries (TSE:TVK) had its price objective boosted by analysts at Canaccord Genuity Group from C$132.00 to C$170.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 19.74% from the company’s previous close.

TVK has been the topic of a number of other reports. National Bank Financial cut TerraVest Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Desjardins upped their price objective on shares of TerraVest Industries from C$125.00 to C$150.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank raised their target price on TerraVest Industries from C$125.00 to C$126.00 in a research note on Tuesday, February 18th. Finally, National Bankshares upped their price target 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, TerraVest Industries presently has an average rating of “Moderate Buy” and an average price target of C$137.00.

TerraVest Industries Trading Up 8.3 %

TerraVest Industries stock traded up C$10.93 during mid-day trading on Tuesday, hitting C$141.97. 291,276 shares of the stock were exchanged, compared to its average volume of 105,423. The stock has a market capitalization of C$2.79 billion, a price-to-earnings ratio of 41.89 and a beta of 0.66. TerraVest Industries has a 12 month low of C$55.73 and a 12 month high of C$144.99. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. The firm’s fifty day simple moving average is C$121.12 and its two-hundred day simple moving average is C$112.17.

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.