▲ +26.59% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Toromont Industries in the last 3 months. The average price target is $98.29, with a high forecast of $115.00 and a low forecast of $88.50. The average price target represents a 26.59% upside from the last price of $77.64.
The current consensus among 8 contributing investment analysts is to buy stock in Toromont Industries. This rating has held steady since September 2020, when it changed from a Hold consensus rating.
Toromont Industries Ltd. is engaged in the distribution of construction equipment, power systems, and refrigeration systems. It operates through the Equipment Group and CIMCO segments. The Equipment Group segment comprises of Toromont CAT, Battlefield, Sitech, and AgWest. The CIMCO segment relates in the design, engineering, fabrication, installation, and after-sale support of refrigeration systems in industrial and recreational markets. The company was founded on January 31, 1961 and is headquartered in Concord, Canada.