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Canaccord Genuity Group Issues Positive Forecast for TerraVest Industries (TSE:TVK) Stock Price

TerraVest Industries logo with Energy background
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TerraVest Industries (TSE:TVK - Get Free Report) had its price objective boosted by investment analysts at Canaccord Genuity Group from C$132.00 to C$170.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 14.70% from the company's previous close.

TVK has been the topic of a number of other research reports. National Bank Financial downgraded TerraVest Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th. Desjardins increased their price objective on TerraVest Industries from C$125.00 to C$150.00 and gave the company a "buy" rating in a report on Tuesday. National Bankshares increased their price objective on TerraVest Industries from C$126.00 to C$134.00 and gave the company a "sector perform" rating in a report on Tuesday. Finally, Scotiabank upped their target price on TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, TerraVest Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of C$137.00.

Read Our Latest Analysis on TVK

TerraVest Industries Stock Up 2.2 %

TSE TVK traded up C$3.22 during trading hours on Tuesday, hitting C$148.21. 309,805 shares of the company were exchanged, compared to its average volume of 112,501. The company has a 50 day moving average of C$123.43 and a two-hundred day moving average of C$113.23. 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$56.35 and a 52-week high of C$149.51. The firm has a market cap of C$2.91 billion, a price-to-earnings ratio of 43.73 and a beta of 0.66.

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About TerraVest Industries

(Get Free Report)

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.

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Analyst Recommendations for TerraVest Industries (TSE:TVK)

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