TerraVest Industries Inc. (TSE:TVK) Receives C$181.00 Average PT from Brokerages

Shares of TerraVest Industries Inc. (TSE:TVK) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$181.00.

A number of brokerages recently issued reports on TVK. Desjardins decreased their target price on shares of TerraVest Industries from C$185.00 to C$175.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Scotiabank cut their price target on shares of TerraVest Industries from C$180.00 to C$176.00 and set a “sector perform” rating for the company in a report on Friday, August 15th. CIBC set a C$175.00 price objective on shares of TerraVest Industries and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. National Bankshares dropped their target price on shares of TerraVest Industries from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. Finally, BMO Capital Markets dropped their target price on shares of TerraVest Industries from C$180.00 to C$175.00 in a report on Friday, August 15th.

TerraVest Industries Stock Performance

Shares of TVK opened at C$144.26 on Friday. The firm has a 50-day moving average price of C$146.20 and a 200 day moving average price of C$153.71. The firm has a market capitalization of C$3.13 billion, a PE ratio of 37.08 and a beta of 0.43. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38. TerraVest Industries has a 52-week low of C$96.29 and a 52-week high of C$176.64.

Insider Transactions at TerraVest Industries

In other TerraVest Industries news, Director Pierre Fournier sold 2,000 shares of TerraVest Industries stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of C$165.75, for a total value of C$331,504.00. Company insiders own 29.81% of the company’s stock.

TerraVest Industries Company Profile

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company’s operating segments are Fuel Containment, Processing Equipment, and Service.