Analyst Price Target is C$216.44
▲ +5.22% 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 C$216.44, with a high forecast of C$235.00 and a low forecast of C$180.00. The average price target represents a 5.22% upside from the last price of C$205.71.
Current Consensus is
Moderate Buy
The current consensus among 8 polled investment analysts is to moderate buy stock in Toromont Industries. This Moderate Buy consensus rating has held steady for over two years.
Toromont operates through two business segments: The Equipment Group and CIMCO. The Equipment Group includes one of the larger Caterpillar dealerships by revenue and geographic territory - spanning the Canadian provinces of Newfoundland & Labrador, Nova Scotia, New Brunswick, Prince Edward Island, Québec, Ontario, and Manitoba in addition to most of the territory of Nunavut. In addition, the Equipment Group includes industry leading rental operations, and a complementary material handling business. CIMCO is one of North America's leading suppliers of thermal management solutions that enable customers to reduce energy consumption and emissions, use natural refrigerants and monitor and control their operating environments autonomously. Both segments offer comprehensive product support capabilities.
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