TerraVest Industries (TSE:TVK) Sets New 12-Month High – Should You Buy?

Posted by Lindsey Winhoffer on Dec 11th, 2024

TerraVest Industries Inc. (TSE:TVK – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$126.00 and last traded at C$126.00, with a volume of 25700 shares. The stock had previously closed at C$123.02.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TVK. National Bankshares raised their price objective on shares of TerraVest Industries from C$104.00 to C$128.00 in a report on Tuesday, November 26th. National Bank Financial cut TerraVest Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th.

Get Our Latest Report on TerraVest Industries

TerraVest Industries Price Performance

The stock has a fifty day moving average of C$109.02 and a two-hundred day moving average of C$91.71. The stock has a market cap of C$2.46 billion, a price-to-earnings ratio of 36.42 and a beta of 0.66. The company has a quick ratio of 0.91, a current ratio of 2.32 and a debt-to-equity ratio of 71.72.

Insider Activity

In other TerraVest Industries news, insider Charles Pellerin sold 5,300 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$100.00, for a total value of C$530,000.00. Also, Director Dustin Haw sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$100.00, for a total value of C$2,000,000.00. Insiders sold a total of 113,700 shares of company stock worth $11,556,134 over the last 90 days. 29.81% of the stock is currently owned by corporate insiders.

About TerraVest Industries

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TerraVest Industries Inc manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States. It operates through four segments: Home Heating and Cooling Products (HVAC Equipment); Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment); Energy Processing Equipment (Processing Equipment); and Service.