Cervus Equipment Corp Given Average Recommendation of “Hold” by Analysts (TSE:CVL)
Shares of Cervus Equipment Corp (TSE:CVL) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Stock Ratings Network.com reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$23.23.
A number of research firms have recently commented on CVL. Analysts at Scotiabank downgraded shares of Cervus Equipment Corp to a “sector perform” rating in a research note on Monday. Separately, 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. Finally, 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.
Cervus Equipment Corp (TSE:CVL) opened at 20.45 on Friday. Cervus Equipment Corp has a one year low of $19.50 and a one year high of $24.50. The stock has a 50-day moving average of $21.71 and a 200-day moving average of $22.16. The company has a market cap of $310.8 million and a price-to-earnings ratio of 14.15.
Cervus Equipment Corporation (TSE:CVL) is a diversified company operating in two segments: agricultural equipment, and construction and industrial equipment.
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