National Bank Financial Cuts Tervita (TSE:TEV) Price Target to C$9.00

Tervita (TSE:TEV) had its price target trimmed by National Bank Financial from C$9.50 to C$9.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the company. Seaport Global Securities reaffirmed a buy rating and set a C$9.00 price objective on shares of Tervita in a research report on Monday, June 24th. AltaCorp Capital reaffirmed an outperform rating on shares of Tervita in a research report on Wednesday, August 7th. CIBC lowered their price objective on Tervita from C$9.50 to C$8.50 in a research report on Tuesday, April 23rd. Royal Bank of Canada reaffirmed a sector perform rating and set a C$9.00 price objective on shares of Tervita in a research report on Wednesday, July 3rd. Finally, Canaccord Genuity lowered their price objective on Tervita from C$10.00 to C$9.50 in a research report on Wednesday, May 29th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of C$9.57.

TSE:TEV opened at C$6.43 on Thursday. The stock has a 50-day simple moving average of C$6.65 and a 200-day simple moving average of C$6.48. The stock has a market cap of $757.25 million and a P/E ratio of -9.40. Tervita has a 1 year low of C$5.60 and a 1 year high of C$9.94. The company has a debt-to-equity ratio of 246.65, a quick ratio of 1.29 and a current ratio of 1.46.

Tervita Company Profile

Tervita Corporation provides environmental solutions for oil and gas, mining, industry, community, and government customers in Canada and the United States. The company offers bioremediation services, caverns and oil field waste disposal, civil and environmental construction, commercial demolition and decommissioning, energy marketing, engineered landfill disposal, metals recycling, municipal and industrial water treatment, NORM management, oil and gas demolition and recovery, oil recovery, onsite produced and frac water treatment, onsite waste management, remediation and reclamation services, specialized waste containers, spill and emergency response, sulphur services, treatment recovery and disposal, waste classification and tracking services, waste transportation services, and water disposal wells.

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Analyst Recommendations for Tervita (TSE:TEV)

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