RBC Capital Remains a Hold on Toromont Industries (TIH)


Toromont Industries (TIH), the Services sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. RBC Capital’s analyst Derek Spronck reiterates their Hold rating on the shares, with a C$65 price target.

According to TipRanks.com, Spronck is a 4-star analyst with an average return of 8.3% and a 60.7% success rate. Spronck covers the Basic Materials sector, focusing on stocks such as Waste Connections Inc, SNC-Lavalin Group Inc, and Republic Services.

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Toromont Industries has an analyst consensus of Moderate Buy, with a price target consensus of C$68.83.

The company has a one-year high of C$70.62 and a one-year low of C$51.02. Currently, Toromont Industries has an average volume of 128.7K.

Toromont Industries Ltd. is engaged 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 Monday at C$64.44.

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