Toromont Industries (TSE:TIH) had its price target raised by Royal Bank of Canada from C$58.00 to C$60.00 in a research report report published on Monday. The firm currently has a sector perform rating on the stock.
Several other research firms have also recently weighed in on TIH. Raymond James Financial increased their price objective on Toromont Industries from C$58.50 to C$63.00 and gave the stock an outperform rating in a report on Thursday, November 9th. CIBC increased their price objective on Toromont Industries from C$59.00 to C$60.00 in a report on Monday, January 15th. Scotiabank increased their price objective on Toromont Industries from C$53.00 to C$59.00 and gave the stock a sector perform rating in a report on Thursday, November 9th. Finally, National Bank Financial increased their price objective on Toromont Industries from C$60.00 to C$63.00 and gave the stock a sector perform rating in a report on Thursday, November 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Toromont Industries has an average rating of Hold and a consensus price target of C$62.50.
Shares of Toromont Industries (TIH) opened at C$57.87 on Monday. Toromont Industries has a fifty-two week low of C$43.51 and a fifty-two week high of C$58.79. The firm has a market capitalization of $4,680.00, a P/E ratio of 26.30 and a beta of 0.82.
In other news, Director Randall Casson sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$57.30, for a total value of C$573,000.00. Also, insider Paul Randolph Jewer sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$56.50, for a total value of C$33,900.00. In the last quarter, insiders sold 10,700 shares of company stock valued at $612,366.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3231992/royal-bank-of-canada-raises-toromont-industries-tih-price-target-to-c60-00.html.
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.
Receive News & Ratings for Toromont Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toromont Industries and related companies with MarketBeat.com's FREE daily email newsletter.