In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Toromont Industries (TIH). Analyst Michael Doumet from Scotiabank remains neutral on the stock and has a C$69 price target.
According to TipRanks.com, Doumet is ranked #2694 out of 5188 analysts.
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Toromont Industries has an analyst consensus of Moderate Buy, with a price target consensus of C$68.33, which is a -0.8% downside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a C$66 price target.
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Toromont Industries’ market cap is currently C$5.6B and has a P/E ratio of 21.5. The company has a Price to Book ratio of 4.22.
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 Wednesday at C$68.91.
