Toromont Industries Ltd (TIH) Earns Hold Rating from TD Securities
Several other analysts have also commented on TIH. Scotiabank reiterated a sector perform rating and set a C$38.50 price objective on shares of Toromont Industries in a report on Tuesday, November 8th. CIBC raised their target price on Toromont Industries from C$37.00 to C$39.00 in a research note on Thursday, July 28th. Royal Bank Of Canada restated an outperform rating and issued a C$43.00 target price on shares of Toromont Industries in a research note on Tuesday, November 8th. Raymond James Financial Inc. reduced their target price on Toromont Industries from C$40.50 to C$40.00 in a research note on Thursday, July 28th. Finally, Canaccord Genuity lowered Toromont Industries from a buy rating to a hold rating and raised their target price for the stock from C$41.00 to C$42.00 in a research note on Friday, July 22nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of C$40.11.
Shares of Toromont Industries (TSE:TIH) opened at 40.07 on Wednesday. The company has a market cap of $3.12 billion and a price-to-earnings ratio of 20.34. The firm’s 50-day moving average price is $39.81 and its 200 day moving average price is $38.71. Toromont Industries has a 12-month low of $27.25 and a 12-month high of $40.93.
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.
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