Tervita (TEV) Hits New 12-Month Low Following Analyst Downgrade
Tervita Corp (TSE:TEV)’s share price reached a new 52-week low during trading on Friday after CIBC lowered their price target on the stock from C$11.00 to C$9.50. The stock traded as low as C$5.92 and last traded at C$5.95, with a volume of 15271 shares traded. The stock had previously closed at C$6.24.
Several other equities analysts also recently commented on the stock. National Bank Financial lowered their target price on shares of Tervita from C$10.40 to C$9.50 and set an “outperform” rating on the stock in a research report on Thursday. Canaccord Genuity lowered their target price on shares of Tervita from C$12.00 to C$10.00 in a research report on Thursday. Finally, GMP Securities increased their target price on shares of Tervita from C$12.50 to C$13.00 in a research report on Monday, November 19th.
The company has a current ratio of 1.41, a quick ratio of 1.29 and a debt-to-equity ratio of 183.07. The stock has a market capitalization of $714.75 million and a P/E ratio of -10.18.
Tervita Corporation provides environmental solutions for oil and gas, mining, industry, community, and government customers in Canada and the United States. The company offers bioremediation services, caverns and oil field waste disposal, civil and environmental construction, commercial demolition and decommissioning, energy marketing, engineered landfill disposal, metals recycling, municipal and industrial water treatment, NORM management, oil and gas demolition and recovery, oil recovery, onsite produced and frac water treatment, onsite waste management, remediation and reclamation services, specialized waste containers, spill and emergency response, sulphur services, treatment recovery and disposal, waste classification and tracking services, waste transportation services, and water disposal wells.
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