CIBC Lowers Tervita (TEV) Price Target to C$8.50
Tervita (TSE:TEV) had its price objective reduced by stock analysts at CIBC from C$9.50 to C$8.50 in a report released on Tuesday, BayStreet.CA reports. CIBC’s price objective points to a potential upside of 34.28% from the company’s previous close.
A number of other research firms have also recently commented on TEV. National Bank Financial decreased their target price on shares of Tervita from C$10.40 to C$9.50 and set an “outperform” rating for the company in a research report on Thursday, March 14th. Canaccord Genuity decreased their target price on shares of Tervita from C$12.00 to C$10.00 in a research report on Thursday, March 14th.
TSE:TEV opened at C$6.33 on Tuesday. Tervita has a 52 week low of C$5.60 and a 52 week high of C$10.50. The company has a debt-to-equity ratio of 220.49, a current ratio of 1.54 and a quick ratio of 1.31. The company has a market cap of $733.56 million and a P/E ratio of -9.45.
Tervita Corporation provides environmental solutions for oil and gas, mining, industry, community, and government customers in Canada and the United States. The company offers bioremediation services, caverns and oil field waste disposal, civil and environmental construction, commercial demolition and decommissioning, energy marketing, engineered landfill disposal, metals recycling, municipal and industrial water treatment, NORM management, oil and gas demolition and recovery, oil recovery, onsite produced and frac water treatment, onsite waste management, remediation and reclamation services, specialized waste containers, spill and emergency response, sulphur services, treatment recovery and disposal, waste classification and tracking services, waste transportation services, and water disposal wells.
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