Cervus Equipment Corp Receives Consensus Rating of “Buy” from Brokerages (TSE:CVL)
Shares of Cervus Equipment Corp (TSE:CVL) have been given an average rating of “Buy” by the eleven analysts that are currently covering the company, Analyst Ratings.Net reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$23.80.
Shares of Cervus Equipment Corp (TSE:CVL) opened at 21.25 on Friday. Cervus Equipment Corp has a 52-week low of $19.50 and a 52-week high of $24.50. The stock has a 50-day moving average of $21.73 and a 200-day moving average of $22.22. The company has a market cap of $321.5 million and a P/E ratio of 14.77.
Several analysts have recently commented on the stock. Analysts at CIBC reiterated a “sector perform” rating on shares of Cervus Equipment Corp in a research note on Friday. They now have a C$22.00 price target on the stock, down previously from C$24.00. Separately, 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. Finally, 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.
Cervus Equipment Corporation (TSE:CVL) is a diversified company operating in two segments: agricultural equipment, and construction and industrial equipment.
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