Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $86.11 and traded as low as $83.22. Toromont Industries shares last traded at $83.22, with a volume of 103 shares.
Wall Street Analysts Forecast Growth
TMTNF has been the subject of a number of research reports. Royal Bank of Canada lowered their target price on Toromont Industries from C$129.00 to C$122.00 in a research note on Thursday, July 28th. National Bank Financial cut Toromont Industries from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, July 12th. BMO Capital Markets reduced their price target on Toromont Industries from C$130.00 to C$120.00 in a research report on Thursday, July 28th. Canaccord Genuity Group reduced their price target on Toromont Industries from C$130.00 to C$117.00 and set a “buy” rating for the company in a research report on Thursday, July 14th. Finally, TD Securities upped their price target on Toromont Industries from C$125.00 to C$130.00 in a research report on Friday, April 29th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Toromont Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.89.
Toromont Industries Stock Down 1.0 %
The firm has a fifty day moving average price of $81.75 and a 200 day moving average price of $86.11.
Toromont Industries Company Profile
Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment engages in the sale, rental, and service of mobile equipment for Caterpillar and other manufacturers; sale, rental, and service of engines used in various applications, including industrial, commercial, marine, on-highway trucks, and power generation; and sale of complementary and related products, parts, and services.
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