Cervus Equipment Corp Cut to Sector Perform at Scotiabank (CVL)
Cervus Equipment Corp (TSE:CVL) traded down 3.03% on Monday, hitting $20.45. The stock had a trading volume of 6,922 shares. 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 $22.21. The company has a market cap of $310.8 million and a price-to-earnings ratio of 14.15.
Other equities research analysts have also recently issued reports about the stock. Analysts at LB Securities cut their price target on shares of Cervus Equipment Corp from C$23.00 to C$22.00 in a research note on Friday. Separately, analysts at Raymond James downgraded shares of Cervus Equipment Corp to a “market perform” rating in a research note on Friday. They now have a C$22.00 price target on the stock, down previously from C$24.00. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of C$23.23.
Cervus Equipment Corporation (TSE:CVL) is a diversified company operating in two segments: agricultural equipment, and construction and industrial equipment.
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