On May 3, an analyst has provided a rating update for the Services sector company, Toromont Industries (TIH). On May 3, analyst Michael Doumet gave a Hold rating to TIH and set a C$65 price target.
According to TipRanks.com, Doumet is ranked #2450 out of 5194 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$68.17 average price target, implying a 5.8% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a C$65 price target.
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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 132.6K.
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$64.41.
