Cervus Equipment (CERV) Shares Up -3.8%

Cervus Equipment Corp (TSE:CERV) shot up 3.8% during mid-day trading on Tuesday . The company traded as high as C$15.06 and last traded at C$14.61. 10,563 shares were traded during trading, an increase of 24% from the average session volume of 8,533 shares. The stock had previously closed at C$15.18.

Several brokerages have recently weighed in on CERV. CIBC increased their target price on shares of Cervus Equipment from C$15.00 to C$17.00 in a research note on Friday, October 13th. Raymond James Financial increased their target price on shares of Cervus Equipment from C$13.25 to C$17.00 and gave the company a “market perform” rating in a research note on Friday, November 10th. National Bank Financial increased their target price on shares of Cervus Equipment from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, TD Securities increased their target price on shares of Cervus Equipment from C$14.50 to C$16.00 in a research note on Monday, November 13th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Cervus Equipment currently has an average rating of “Hold” and a consensus target price of C$16.20.

The stock has a market cap of $236.51, a P/E ratio of 10.20 and a beta of 0.38.

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Cervus Equipment 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.

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