Toromont Industries (TIH) Given a C$58.00 Price Target at Royal Bank of Canada

Toromont Industries (TSE:TIH) has been assigned a C$58.00 price target by stock analysts at Royal Bank of Canada in a note issued to investors on Monday. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 9.06% from the stock’s current price.

A number of other equities analysts have also commented on the company. National Bank Financial boosted their price objective on Toromont Industries from C$60.00 to C$63.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 9th. Scotiabank boosted their price objective on Toromont Industries from C$53.00 to C$59.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 9th. CIBC boosted their price objective on Toromont Industries from C$59.00 to C$60.00 in a research note on Monday, January 15th. Raymond James Financial boosted their price objective on Toromont Industries from C$58.50 to C$63.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$58.00 price objective on shares of Toromont Industries in a research note on Monday, October 16th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$60.50.

Shares of Toromont Industries (TSE TIH) traded down C$0.44 during mid-day trading on Monday, reaching C$53.18. The company had a trading volume of 80,687 shares, compared to its average volume of 93,658. The firm has a market cap of $4,300.00, a price-to-earnings ratio of 25.94 and a beta of 0.82. Toromont Industries has a twelve month low of C$41.75 and a twelve month high of C$58.44.

Toromont Industries (TSE:TIH) last posted its quarterly earnings data on Tuesday, November 7th. The company reported C$0.62 EPS for the quarter, topping analysts’ consensus estimates of C$0.59 by C$0.03. The company had revenue of C$584.16 million for the quarter. Toromont Industries had a return on equity of 20.99% and a net margin of 8.45%.

In other Toromont Industries news, insider David Wetherald sold 4,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of C$56.75, for a total value of C$227,000.00.

WARNING: “Toromont Industries (TIH) Given a C$58.00 Price Target at Royal Bank of Canada” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://www.americanbankingnews.com/2018/02/05/toromont-industries-tih-given-a-c58-00-price-target-at-royal-bank-of-canada.html.

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.

Analyst Recommendations for Toromont Industries (TSE:TIH)

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.

Leave a Reply