GMP FirstEnergy Thinks Tervita Corporation’s Stock is Going to Recover

By Carrie Williams

A Wall Street analyst has provided a review for the Utilities company today, but retained the same rating on the stock. Tervita Corporation (TEVResearch Report) received a Buy rating from GMP FirstEnergy’s analyst Ian Gillies, with a C$11 price target.

According to TipRanks.com, Gillies has currently no stars on a ranking scale of 0-5 stars, with an average return of -11.1% and a 30.6% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Inter Pipeline Ltd.

Tervita Corporation has an analyst consensus of Moderate Buy, with a price target consensus of C$13.50, a 101.5% upside from current levels. In a report released yesterday, TD Securities also reiterated a Buy rating on the stock with a C$10 price target.

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The company has a one-year high of C$10.50 and a one-year low of C$6.19. Currently, Tervita Corporation has an average volume of 223.9K.

The company’s shares closed on Tuesday at C$6.70, close to its 52-week low of C$6.19.