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

TerraVest Industries (TSE:TVK) had its price target increased by analysts at Scotiabank from C$140.00 to C$141.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 6.93% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. 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 report on Tuesday, March 18th. Canaccord Genuity Group increased their price target 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, March 18th. Finally, Desjardins lifted their price objective on TerraVest Industries from C$125.00 to C$150.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$137.20.

TerraVest Industries Stock Up 3.0 %

TVK opened at C$131.86 on Thursday. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The company has a market cap of C$2.59 billion, a price-to-earnings ratio of 38.90 and a beta of 0.66. TerraVest Industries has a one year low of C$67.66 and a one year high of C$152.07. The business’s fifty day moving average is C$126.30 and its two-hundred day moving average is C$118.02.

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.