National Bankshares Issues Positive Forecast for TerraVest Industries (TSE:TVK) Stock Price

TerraVest Industries (TSE:TVK) had its target price raised by research analysts at National Bankshares from C$126.00 to C$134.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential downside of 5.61% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. National Bank Financial cut TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Scotiabank raised their price target on TerraVest Industries from C$125.00 to C$126.00 in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$137.00.

TerraVest Industries Stock Performance

Shares of TVK traded up C$10.93 during trading hours on Tuesday, hitting C$141.97. The company’s stock had a trading volume of 291,276 shares, compared to its average volume of 105,423. TerraVest Industries has a 52-week low of C$55.73 and a 52-week high of C$144.99. The company has a market cap of C$2.79 billion, a price-to-earnings ratio of 41.89 and a beta of 0.66. 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 business has a 50 day simple moving average of C$121.12 and a two-hundred day simple moving average of C$112.17.

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.