TerraVest Industries Inc. (TSE:TVK) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of TerraVest Industries Inc. (TSE:TVK) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$181.00.

A number of analysts have recently weighed in on TVK shares. CIBC set a C$175.00 price target on shares of TerraVest Industries and gave the company a “neutral” rating in a report on Wednesday, August 13th. National Bankshares lowered their target price on shares of 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. Scotiabank lowered their target price on shares of TerraVest Industries from C$180.00 to C$176.00 and set a “sector perform” rating for the company in a research note on Friday, August 15th. Desjardins lowered their target price on shares of TerraVest Industries from C$185.00 to C$175.00 and set a “buy” rating for the company in a research note on Friday, August 15th. Finally, BMO Capital Markets lowered their target price on shares of TerraVest Industries from C$180.00 to C$175.00 in a research note on Friday, August 15th.

Insider Buying and Selling

In related news, Director Pierre Fournier sold 2,000 shares of TerraVest Industries stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of C$165.75, for a total value of C$331,504.00. 29.81% of the stock is owned by company insiders.

TerraVest Industries Stock Up 0.4%

TSE:TVK opened at C$140.95 on Friday. TerraVest Industries has a fifty-two week low of C$96.29 and a fifty-two week high of C$176.64. The stock has a market capitalization of C$3.06 billion, a P/E ratio of 36.23 and a beta of 0.61. The company has a debt-to-equity ratio of 82.38, a quick ratio of 0.91 and a current ratio of 2.44. The company’s 50-day simple moving average is C$146.67 and its 200-day simple moving average is C$153.59.

TerraVest Industries Company Profile

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.