Tervita (TEV) Price Target Cut to C$9.50 by Analysts at CIBC

Tervita (TSE:TEV) had its price target reduced by stock analysts at CIBC from C$11.00 to C$9.50 in a research report issued to clients and investors on Friday. CIBC’s target price points to a potential upside of 58.33% from the stock’s current price.

Several other analysts also recently commented on the stock. National Bank Financial cut their price objective 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 cut their price objective on shares of Tervita from C$12.00 to C$10.00 in a research report on Thursday. Finally, GMP Securities increased their price objective on shares of Tervita from C$12.50 to C$13.00 in a research report on Monday, November 19th.

TEV stock traded down C$0.24 during trading on Friday, hitting C$6.00. 11,601 shares of the stock traded hands, compared to its average volume of 49,042. Tervita has a 1 year low of C$5.99 and a 1 year high of C$10.50. The company has a market capitalization of $733.56 million and a price-to-earnings ratio of -10.05. The company has a debt-to-equity ratio of 183.07, a quick ratio of 1.29 and a current ratio of 1.41.

About Tervita

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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