Toromont Industries traded at 218.93 this Thursday July 2nd, decreasing 14.29 or 6.13 percent since the previous trading session. Looking back, over the last four weeks, Toromont Industries lost 2.23 percent. Over the last 12 months, its price rose by 76.03 percent. Looking ahead, we forecast Toromont Industries to be priced at 226.30 by the end of this quarter and at 211.69 in one year, according to Trading Economics global macro models projections and analysts expectations.
Toromont Industries Ltd. is focused on serving the equipment and product support needs of customers in diverse industries from roadbuilding to mining and telecommunications to food and beverage processing. The Company operates in two segments: the Equipment Group and CIMCO. The Company's Equipment Group segment is involved in the supply of specialized mobile equipment and industrial engines. It consists of businesses, including Toromont Cat, Battlefield-The Cat Rental Store, Toromont Material Handling, AgWest, SITECH and Toromont Energy. Its customer base includes infrastructure-related activities, mining, residential and commercial construction, power generation, aggregates, waste management, steel, forestry and agriculture. The CIMCO segment is involved in the design, engineering, fabrication, installation and product support services for industrial and recreational refrigeration systems.