TerraVest Industries (TSE:TVK) Stock Rating Upgraded by BMO Capital Markets

TerraVest Industries (TSE:TVK) was upgraded by research analysts at BMO Capital Markets from a “hold” rating to an “outperform” rating in a note issued to investors on Friday, Marketbeat.com reports. The firm currently has a C$200.00 price objective on the stock, up from their prior price objective of C$150.00. BMO Capital Markets’ price objective indicates a potential upside of 30.39% from the company’s current price.

TVK has been the topic of a number of other reports. Scotiabank lifted their price objective on shares of TerraVest Industries from C$165.00 to C$179.00 and gave the company an “outperform” rating in a research note on Friday. Desjardins dropped their price target on TerraVest Industries from C$185.00 to C$175.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Finally, 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 note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$185.67.

TerraVest Industries Price Performance

Shares of TSE TVK opened at C$153.39 on Friday. The stock has a 50 day moving average of C$130.95 and a two-hundred day moving average of C$147.54. The stock has a market cap of C$3.33 billion, a P/E ratio of 39.43 and a beta of 0.48. TerraVest Industries has a twelve month low of C$100.31 and a twelve month high of C$176.64. The company has a current ratio of 2.44, a quick ratio of 0.91 and a debt-to-equity ratio of 82.38.

About TerraVest Industries

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.