The stock of Toromont Industries Ltd (TSE:TIH) is a huge mover today! About 98,591 shares traded hands or 15.99% up from the average. Toromont Industries Ltd (TSE:TIH) has risen 26.93% since April 12, 2016 and is uptrending. It has outperformed by 22.24% the S&P500.
The move comes after 6 months positive chart setup for the $3.37B company. It was reported on Nov, 16 by Barchart.com. We have $60.81 PT which if reached, will make TSE:TIH worth $1.55 billion more.
Toromont Industries Ltd (TSE:TIH) Ratings Coverage
Out of 7 analysts covering Toromont Industries Ltd. (TSE:TIH), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. $43 is the highest target while $32.50 is the lowest. The $38.14 average target is -8.43% below today’s ($41.65) stock price. Toromont Industries Ltd. has been the topic of 19 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Canaccord Genuity downgraded the stock to “Hold” rating in Friday, July 22 report. The rating was upgraded by BMO Capital Markets on Wednesday, July 29 to “Outperform”. The stock of Toromont Industries Ltd (TSE:TIH) earned “Neutral” rating by Dundee Securities on Tuesday, August 4. RBC Capital Markets maintained it with “Outperform” rating and $39 target price in Tuesday, January 19 report. The company was upgraded on Wednesday, July 29 by RBC Capital Markets. As per Tuesday, November 8, the company rating was maintained by Scotia Capital. As per Wednesday, November 9, the company rating was maintained by TD Securities. The stock of Toromont Industries Ltd (TSE:TIH) earned “Outperform” rating by RBC Capital Markets on Tuesday, November 8.
Another recent and important Toromont Industries Ltd (TSE:TIH) news was published by Marketwired.com which published an article titled: “Toromont Industries Ltd. – Normal Course Issuer Bid” on August 26, 2016.
Toromont Industries Ltd. is a Canada company, which operates through two divisions: Equipment Group and CIMCO. The company has a market cap of $3.37 billion. The Company’s Equipment Group is involved in supply of specialized mobile equipment and industrial engines. It has a 21.18 P/E ratio. It consists of businesses, including Toromont CAT, Battlefield-The CAT Rental Store, Sitech Mid-Canada Ltd., Toromont Energy Ltd. and AgWest Ltd.
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