Toromont Industries (OTCMKTS:TMTNF) PT Raised to C$126.00 at Scotiabank

Toromont Industries (OTCMKTS:TMTNFGet Rating) had its price objective upped by Scotiabank from C$125.00 to C$126.00 in a research note published on Friday morning, The Fly reports.

Several other equities analysts have also commented on TMTNF. Maxim Group increased their price objective on shares of Toromont Industries from C$125.00 to C$126.00 and gave the company an outperform rating in a research report on Wednesday, January 5th. Royal Bank of Canada increased their price target on shares of Toromont Industries from C$123.00 to C$126.00 in a report on Friday, February 11th. BMO Capital Markets boosted their price objective on Toromont Industries from C$124.00 to C$126.00 in a research note on Thursday, February 10th. Finally, TD Securities raised their price objective on Toromont Industries from C$125.00 to C$130.00 in a research note on Friday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Toromont Industries presently has a consensus rating of Buy and a consensus target price of $124.89.

OTCMKTS TMTNF opened at $93.86 on Friday. The stock has a 50 day moving average price of $91.18 and a 200-day moving average price of $88.65. Toromont Industries has a one year low of $79.67 and a one year high of $96.02.

Toromont Industries Company Profile (Get Rating)

Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.

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