Cervus Equipment Corp (CERV) Receives C$13.13 Average PT from Analysts

Cervus Equipment Corp (TSE:CERV) has received an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$13.13.

A number of equities research analysts recently weighed in on CERV shares. CIBC dropped their price target on Cervus Equipment Corp from C$18.00 to C$15.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 21st. Laurentian Bank of Canada reiterated a “buy” rating on shares of Cervus Equipment Corp in a research report on Friday, March 17th. Raymond James Financial, Inc. lowered their price objective on Cervus Equipment Corp from C$13.25 to C$12.00 and set a “market perform” rating on the stock in a research report on Friday, May 12th. Royal Bank of Canada lowered their price objective on Cervus Equipment Corp from C$17.00 to C$14.00 and set a “sector perform” rating on the stock in a research report on Friday, March 17th. Finally, TD Securities lowered their price objective on Cervus Equipment Corp from C$15.00 to C$13.50 and set a “hold” rating on the stock in a research report on Monday, May 15th.

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Cervus Equipment Corp (TSE CERV) traded up 1.168% during mid-day trading on Tuesday, hitting $11.695. 800 shares of the company were exchanged. The company has a market cap of $184.59 million and a price-to-earnings ratio of 9.379. Cervus Equipment Corp has a 12-month low of $10.99 and a 12-month high of $16.52. The stock’s 50 day moving average is $12.19 and its 200-day moving average is $13.79.

Cervus Equipment Corp Company Profile

Cervus Equipment Corp is engaged in the sale, after-sale service and maintenance of agricultural, transportation, construction and industrial equipment. The Company acquires and operates authorized agricultural, construction, material handling and transportation equipment dealerships. It operates through three segments: Agriculture, Commercial and Industrial, and Transportation.

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