National Bankshares Forecasts Strong Price Appreciation for TerraVest Industries (TSE:TVK) Stock

TerraVest Industries (TSE:TVK) had its price objective lifted by National Bankshares from C$126.00 to C$134.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective would indicate a potential downside of 5.61% from the stock’s current price.

A number of other equities analysts also recently issued reports on TVK. National Bank Financial downgraded shares of TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Scotiabank increased their target price on TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$137.00.

TerraVest Industries Trading Up 8.3 %

TerraVest Industries stock traded up C$10.93 during mid-day trading on Tuesday, reaching C$141.97. 291,276 shares of the company traded hands, compared to its average volume of 105,423. The firm’s 50 day moving average price is C$121.12 and its 200 day moving average price is C$112.17. TerraVest Industries has a 52-week low of C$55.73 and a 52-week high of C$144.99. The company has a debt-to-equity ratio of 82.38, a current ratio of 2.44 and a quick ratio of 0.91. The firm has a market capitalization of C$2.79 billion, a price-to-earnings ratio of 41.89 and a beta of 0.66.

About TerraVest Industries

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.