CIBC Cuts Cervus Equipment Corp (CERV) Price Target to C$16.00

Cervus Equipment Corp (TSE:CERV) had its target price lowered by CIBC from C$17.00 to C$16.00 in a research note released on Monday. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also recently issued reports on CERV. National Bank Financial increased their price target on shares of Cervus Equipment Corp from C$16.00 to C$17.00 and gave the stock an outperform rating in a report on Thursday, July 27th. Raymond James Financial, Inc. increased their price target on shares of Cervus Equipment Corp from C$12.00 to C$13.25 and gave the stock a market perform rating in a report on Monday, August 14th. Finally, TD Securities increased their price target on shares of Cervus Equipment Corp from C$13.50 to C$14.50 in a report on Monday, August 14th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Cervus Equipment Corp currently has an average rating of Hold and a consensus price target of C$16.20.

Cervus Equipment Corp (CERV) opened at C$15.43 on Monday. Cervus Equipment Corp has a 1-year low of C$10.98 and a 1-year high of C$16.52.

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Cervus Equipment Corp Company Profile

Cervus Equipment Corporation primarily engages in the sale, after-sale service, and maintenance of agricultural, transportation, construction, and industrial equipment. It operates through three segments: Agricultural, Transportation, and Commercial and Industrial. The Agricultural segment offers tractors, combine harvesting equipment, tillage, seeding, nutrient management and soil preparation machinery, sprayers, hay and forage equipment, material handling, integrated agricultural systems technology, precision agricultural irrigation equipment and supplies, lawn and garden tractors, compact utility tractors, zero-turn radius and front mowers, and utility vehicles, as well as associated implements for mowing, tilling, snow and debris handling, aerating, and other turf applications.

Analyst Recommendations for Cervus Equipment Corp (TSE:CERV)

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