Cervus Equipment Corp Rating Reiterated by CIBC (CVL)
Cervus Equipment Corp (TSE:CVL)‘s stock had its “sector perform” rating reiterated by investment analysts at CIBC in a note issued to investors on Friday. They currently have a C$22.00 price target on the stock, down from their previous price target of C$24.00. CIBC’s price target would indicate a potential upside of 4.76% from the stock’s previous close.
Shares of Cervus Equipment Corp (TSE:CVL) traded down 3.20% during mid-day trading on Friday, hitting $20.57. 2,400 shares of the company’s stock traded hands. Cervus Equipment Corp has a 52-week low of $19.50 and a 52-week high of $24.50. The stock’s 50-day moving average is $21.73 and its 200-day moving average is $22.22. The company has a market cap of $311.2 million and a price-to-earnings ratio of 14.26.
A number of other analysts have also recently weighed in on CVL. Analysts at Cantor Fitzgerald cut their price target on shares of Cervus Equipment Corp from C$26.00 to C$24.00 in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Raymond James upgraded shares of Cervus Equipment Corp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a C$24.00 price target on the stock, up previously from C$22.00. Finally, analysts at NBF raised their price target on shares of Cervus Equipment Corp from C$21.50 to C$22.00 in a research note on Friday, July 4th. They now have a “sector perform” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Cervus Equipment Corp has a consensus rating of “Buy” and an average target price of C$23.80.
Cervus Equipment Corporation (TSE:CVL) is a diversified company operating in two segments: agricultural equipment, and construction and industrial equipment.
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