Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $121.80 and last traded at $121.80, with a volume of 100 shares. The stock had previously closed at $117.35.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research note on Friday, October 31st. Scotiabank reiterated a “sector perform” rating on shares of Toromont Industries in a research note on Friday, October 17th. TD Securities reissued a “buy” rating on shares of Toromont Industries in a research report on Monday, November 3rd. CIBC reaffirmed a “neutral” rating on shares of Toromont Industries in a report on Monday, October 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Toromont Industries in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Toromont Industries presently has an average rating of “Moderate Buy”.
Check Out Our Latest Report on TMTNF
Toromont Industries Stock Up 3.3%
About Toromont Industries
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.
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