Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $122.47 and last traded at $122.47, with a volume of 105 shares trading hands. The stock had previously closed at $121.76.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on TMTNF shares. National Bankshares reaffirmed an “outperform” rating on shares of Toromont Industries in a report on Monday, November 3rd. CIBC restated a “neutral” rating on shares of Toromont Industries in a research note on Monday, October 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Toromont Industries in a research report on Monday, November 3rd. TD Securities reissued a “buy” rating on shares of Toromont Industries in a research report on Monday, November 3rd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Toromont Industries in a research report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Toromont Industries currently has an average rating of “Moderate Buy”.
Read Our Latest Report on Toromont Industries
Toromont Industries Stock Up 0.6%
About Toromont Industries
Toromont Industries Ltd. is a Canadian diversified industrial equipment and services company. Through its Toromont CAT division, it serves as a major dealer for Caterpillar machinery, offering sales, rentals, parts and service support for a wide range of heavy-duty equipment. Products include earth-moving, paving and compaction machinery, material handling equipment and power generation systems tailored to the needs of construction, mining, forestry, marine and energy sectors.
The company’s CIMCO Refrigeration business provides design-build, installation and maintenance of industrial and commercial refrigeration systems.
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