TerraVest Industries (TSE:TVK) Shares Up 20.8% – Still a Buy?

Shares of TerraVest Industries Inc. (TSE:TVK) traded up 20.8% during trading on Thursday . The stock traded as high as C$162.01 and last traded at C$155.06. 114,712 shares were traded during trading, an increase of 43% from the average session volume of 80,085 shares. The stock had previously closed at C$128.37.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. CIBC set a C$175.00 price objective on TerraVest Industries and gave the company a “neutral” rating in a report on Wednesday, August 13th. Scotiabank decreased their target price on TerraVest Industries from C$171.00 to C$165.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. National Bankshares dropped their price target on TerraVest Industries from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research report on Friday, August 15th. Desjardins decreased their price objective on shares of TerraVest Industries from C$185.00 to C$175.00 and set a “buy” rating for the company in a report on Friday, August 15th. Finally, BMO Capital Markets lowered their target price on shares of TerraVest Industries from C$165.00 to C$150.00 in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$175.00.

TerraVest Industries Stock Up 22.3%

The firm’s 50 day simple moving average is C$130.36 and its 200 day simple moving average is C$147.65. The company has a market cap of C$3.41 billion, a price-to-earnings ratio of 40.37 and a beta of 0.48. The company has a quick ratio of 0.91, a current ratio of 2.44 and a debt-to-equity ratio of 82.38.

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.