Toromont Industries Ltd. (OTCMKTS:TMTNF) Achieves Average “Moderate Buy” Rating by Brokerages


Toromont Industries Ltd. (OTCMKTS:TMTNF – Get Rating) received a consensus “moderate buy” recommendation from the ten research firms that cover the company, MarketBeat reports. Two research analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 1-year average price target among brokerages that updated their coverage on the stock in the last year is $120.89.

Several research firms have recently weighed in on TMTNF. BMO Capital Markets lowered its price target on Toromont Industries shares from C$130.00 to C$120.00 in a Thursday, July 28 research note. Royal Bank of Canada reduced its price target on Toromont Industries shares from C$129.00 to C$122.00 in a Thursday, July 28 research note. Canaccord Genuity Group cut its price target on Toromont Industries shares from C$130.00 to C$117.00 and placed a “buy” rating on the stock in a Thursday 14 research note. July. Scotiabank reduced its target price on Toromont Industries shares from C$126.00 to C$120.00 in a Monday, July 25 research note. Finally, National Bank Financial downgraded shares of Toromont Industries from an “outperform” rating to an “sector performance” rating in a Tuesday, July 12 research note.

Toromont Industries Price Performance

OTCMKTS: TMTNF opened at $84.12 on Friday. The company’s 50-day moving average price is $81.46 and its 200-day moving average price is $85.98. Toromont Industries has a 12-month low of $76.15 and a 12-month high of $96.02.

Company Profile Toromont Industries

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Toromont Industries Ltd. provides specialty capital goods in Canada, the United States and internationally. It operates in two segments, Equipment Group and CIMCO. The Equipment Group segment is engaged in the sale, rental and maintenance of mobile equipment for Caterpillar and other manufacturers; sale, rental and maintenance of engines used in various applications, including industrial, commercial, marine, truck and power generation trucks; and the sale of complementary and related products, parts and services.

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Analyst Recommendations for Toromont Industries (OTCMKTS: TMTNF)

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