Tervita (TSE:TEV) PT Raised to C$10.00 at TD Securities
Tervita (TSE:TEV) had its price target increased by investment analysts at TD Securities from C$9.50 to C$10.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 35.87% from the stock’s current price.
Several other equities analysts also recently commented on the company. National Bank Financial cut their price objective on Tervita from C$9.50 to C$9.00 and set an “outperform” rating on the stock in a research report on Thursday, August 15th. CIBC upped their price objective on Tervita from C$8.50 to C$9.50 in a research report on Tuesday, October 15th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of Tervita in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Tervita presently has an average rating of “Buy” and a consensus target price of C$9.86.
Shares of Tervita stock opened at C$7.36 on Friday. The stock’s fifty day moving average is C$7.43 and its two-hundred day moving average is C$6.77. The company has a market capitalization of $836.47 million and a PE ratio of -10.76. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 246.65. Tervita has a 52 week low of C$5.60 and a 52 week high of C$9.94.
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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