Today, Royal Bank Of Canada Reiterates Outperform Rating for Toromont Industries Ltd (TIH)

Today, Royal Bank Of Canada Reiterates Outperform Rating for Toromont Industries Ltd (TIH)
Toromont Industries Ltd (TSE:TIH)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank Of Canada in a research note issued on Tuesday, StockTargetPrices.com reports. They presently have a C$43.00 target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 0.19% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Raymond James Financial Inc. decreased their price objective on shares of Toromont Industries from C$40.50 to C$40.00 in a research report on Thursday, July 28th. CIBC upped their price objective on shares of Toromont Industries from C$37.00 to C$39.00 in a research report on Thursday, July 28th. Canaccord Genuity cut shares of Toromont Industries from a “buy” rating to a “hold” rating and upped their price objective for the company from C$41.00 to C$42.00 in a research report on Friday, July 22nd. TD Securities upped their price objective on shares of Toromont Industries from C$37.00 to C$40.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$38.50 price objective on shares of Toromont Industries in a research report on Thursday, July 28th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Toromont Industries currently has a consensus rating of “Hold” and a consensus price target of C$40.11.

Shares of Toromont Industries (TSE:TIH) traded down 0.63% during midday trading on Tuesday, reaching $42.92. The company’s stock had a trading volume of 25,744 shares. The company has a market capitalization of $3.36 billion and a P/E ratio of 21.79. Toromont Industries has a 1-year low of $27.25 and a 1-year high of $43.74. The stock has a 50 day moving average of $40.73 and a 200-day moving average of $39.08.

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