The Services sector company, Toromont Industries (TIH), has received a rating update from a Wall Street analyst yesterday. The company received a Buy rating from Raymond James’ analyst Ben Cherniavsky, with a C$70 price target.
According to TipRanks.com, Cherniavsky is ranked #1050 out of 5108 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Toromont Industries with a C$66 average price target.
The company has a one-year high of C$68.11 and a one-year low of C$46.24. Currently, Toromont Industries has an average volume of 167.2K.
Toromont Industries Ltd. engages in the distribution of construction equipment, power systems, and refrigeration systems. It operates through the Equipment Group and CIMCO segments. The Equipment Group segment comprises of Toromont CAT, Battlefield, Sitech, and AgWest.
The company’s shares closed on Thursday at C$54.82.
