Brokerages Set Toromont Industries Ltd (TSE:TIH) PT at $39.88
Shares of Toromont Industries Ltd (TSE:TIH) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$39.88.
Several equities analysts have commented on the stock. BMO Capital Markets reiterated a “market perform” rating and issued a C$38.50 price objective on shares of Toromont Industries in a report on Thursday, July 28th. Scotiabank upped their price objective on shares of Toromont Industries from C$36.50 to C$38.50 and gave the company a “sector perform” rating in a report on Thursday, July 28th. National Bank Financial upgraded shares of Toromont Industries from a “sector perform market weight” rating to an “outperform overweight” rating in a research note on Sunday, July 3rd. Royal Bank Of Canada upped their price target on shares of Toromont Industries from C$39.00 to C$43.00 and gave the company an “outperform” rating in a research note on Monday, July 11th. Finally, Raymond James Financial Inc. decreased their price target on shares of Toromont Industries from C$40.50 to C$40.00 in a research note on Thursday, July 28th.
Shares of Toromont Industries (TSE:TIH) opened at 39.88 on Wednesday. The firm has a 50-day moving average of $39.11 and a 200 day moving average of $37.66. The firm has a market cap of $3.12 billion and a PE ratio of 20.57. Toromont Industries has a 52-week low of $27.25 and a 52-week high of $40.89.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, October 3rd were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, September 7th. This represents a $0.72 annualized dividend and a yield of 1.81%.
About Toromont Industries
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.
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