Scotiabank Lowers TerraVest Industries (TSE:TVK) Price Target to C$171.00

TerraVest Industries (TSE:TVK) had its price objective dropped by Scotiabank from C$176.00 to C$171.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Scotiabank’s price target points to a potential upside of 26.20% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. CIBC set a C$175.00 price target on shares of TerraVest Industries and gave the stock a “neutral” rating in a research note on Wednesday, August 13th. BMO Capital Markets dropped their price target on shares of TerraVest Industries from C$175.00 to C$165.00 in a research note on Friday, October 10th. Desjardins dropped their price target on shares of TerraVest Industries from C$185.00 to C$175.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Finally, National Bankshares dropped their price target on shares of TerraVest Industries from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, TerraVest Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of C$178.50.

TerraVest Industries Price Performance

TSE TVK opened at C$135.50 on Friday. The stock’s 50-day moving average is C$141.81 and its two-hundred day moving average is C$153.33. The firm has a market cap of C$2.94 billion, a P/E ratio of 34.83 and a beta of 0.43. TerraVest Industries has a fifty-two week low of C$98.01 and a fifty-two week high of C$176.64. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91.

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.