Scotiabank Lowers TerraVest Industries (TSE:TVK) Price Target to C$165.00

TerraVest Industries (TSE:TVK) had its price objective reduced by research analysts at Scotiabank from C$171.00 to C$165.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 21.52% from the company’s current price.

Other equities analysts also recently issued reports about the company. National Bankshares reduced their price objective on TerraVest Industries from C$200.00 to C$185.00 and set an “outperform” rating for the company in a research report on Friday, August 15th. BMO Capital Markets reduced their price objective on TerraVest Industries from C$175.00 to C$165.00 in a research report on Friday, October 10th. CIBC set a C$175.00 price objective on TerraVest Industries and gave the stock a “neutral” rating in a research report on Wednesday, August 13th. Finally, Desjardins reduced their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$177.50.

TerraVest Industries Stock Performance

Shares of TSE TVK opened at C$135.78 on Thursday. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38. The stock has a 50 day simple moving average of C$139.80 and a 200-day simple moving average of C$153.70. The company has a market cap of C$2.94 billion, a PE ratio of 34.90 and a beta of 0.43. TerraVest Industries has a 12-month low of C$98.01 and a 12-month high of C$176.64.

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.