Toromont Industries Ltd (TSE:TIH) Price Target Raised to C$63.00 at National Bank Financial

Toromont Industries Ltd (TSE:TIH) had its price target lifted by investment analysts at National Bank Financial from C$60.00 to C$63.00 in a report released on Thursday, November 9th. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 10.74% from the company’s current price. National Bank Financial also issued estimates for Toromont Industries’ Q4 2017 earnings at $0.66 EPS, FY2017 earnings at $2.14 EPS and FY2018 earnings at $2.86 EPS.

Several other research analysts have also recently issued reports on the stock. Raymond James Financial, Inc. raised their target price on shares of Toromont Industries from C$55.00 to C$58.50 and gave the stock an “outperform” rating in a report on Tuesday, August 29th. TD Securities raised shares of Toromont Industries from a “hold” rating to a “buy” rating and raised their target price for the stock from C$48.00 to C$65.00 in a report on Wednesday, September 20th. Scotiabank reissued a “sector perform” rating and set a C$48.50 target price on shares of Toromont Industries in a report on Wednesday, July 26th. Canaccord Genuity raised their target price on shares of Toromont Industries from C$50.00 to C$58.00 and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$58.00 target price on shares of Toromont Industries in a report on Monday, October 16th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$57.63.

Toromont Industries (TSE TIH) opened at C$56.89 on Thursday. Toromont Industries has a fifty-two week low of C$41.10 and a fifty-two week high of C$58.44.

ILLEGAL ACTIVITY NOTICE: “Toromont Industries Ltd (TSE:TIH) Price Target Raised to C$63.00 at National Bank Financial” was originally published by BBNS and is owned by of BBNS. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://baseballnewssource.com/markets/toromont-industries-ltd-tih-price-target-raised-to-c63-00-at-national-bank-financial/1769363.html.

In other news, insider Paul Randolph Jewer sold 500 shares of Toromont Industries stock in a transaction dated Friday, September 8th. The shares were sold at an average price of C$52.90, for a total value of C$26,450.00. Also, Director Scott Medhurst sold 4,848 shares of Toromont Industries stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of C$52.50, for a total transaction of C$254,520.00. In the last 90 days, insiders have sold 35,348 shares of company stock worth $1,936,950.

Toromont Industries Company Profile

Toromont Industries Ltd is a Canada-based company, which operates through two segments: Equipment Group and CIMCO. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd.

Analyst Recommendations for Toromont Industries (TSE:TIH)

Receive News & Ratings for Toromont Industries Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries Ltd and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.