Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $105.61 and traded as high as $113.83. Toromont Industries shares last traded at $113.83, with a volume of 21,408 shares changing hands.
Analysts Set New Price Targets
Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Toromont Industries in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.
Check Out Our Latest Research Report on Toromont Industries
Toromont Industries Price Performance
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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