TerraVest Industries (TSE:TVK) Reaches New 1-Year High at $87.54

TerraVest Industries Inc. (TSE:TVK) reached a new 52-week high on Wednesday . The company traded as high as C$87.54 and last traded at C$87.54, with a volume of 6394 shares traded. The stock had previously closed at C$78.51.

Analyst Ratings Changes

TVK has been the subject of a number of recent analyst reports. Desjardins set a C$95.00 price objective on TerraVest Industries and gave the stock a “buy” rating in a research note on Thursday, July 4th. National Bankshares set a C$89.00 price objective on TerraVest Industries and gave the company an “outperform” rating in a research report on Monday, July 15th. National Bank Financial upgraded TerraVest Industries to a “strong-buy” rating in a research report on Sunday, July 14th. Finally, Canaccord Genuity Group set a C$91.00 price objective on TerraVest Industries and gave the company a “buy” rating in a research report on Monday, June 10th.

TerraVest Industries Stock Performance

The company has a debt-to-equity ratio of 128.21, a current ratio of 2.34 and a quick ratio of 0.91. The firm has a fifty day moving average price of C$74.70 and a two-hundred day moving average price of C$68.10. The stock has a market capitalization of C$1.69 billion, a PE ratio of 26.24 and a beta of 0.67.

Insider Transactions at TerraVest Industries

In other news, Director Dale Laniuk sold 85,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$74.25, for a total value of C$6,311,250.00. Following the sale, the director now directly owns 553 shares in the company, valued at C$41,060.25. In related news, Director Dale Laniuk sold 85,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$74.25, for a total value of C$6,311,250.00. Following the transaction, the director now owns 553 shares of the company’s stock, valued at C$41,060.25. Also, insider Pierre Fournier sold 500 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of C$75.23, for a total value of C$37,615.00. Over the last three months, insiders have sold 152,800 shares of company stock worth $11,589,738. 29.70% of the stock is currently owned by company insiders.

About TerraVest Industries

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.