Cervus Equipment Corp (CERV) Price Target Raised to C$17.00 at CIBC
Cervus Equipment Corp (TSE:CERV) had its target price boosted by equities research analysts at CIBC from C$15.00 to C$17.00 in a research report issued on Friday. CIBC’s price objective would suggest a potential upside of 18.47% from the stock’s current price.
Several other research firms also recently weighed in on CERV. TD Securities boosted their price target on shares of Cervus Equipment Corp from C$13.50 to C$14.50 in a research note on Monday, August 14th. Raymond James Financial, Inc. boosted their price target on shares of Cervus Equipment Corp from C$12.00 to C$13.25 and gave the stock a “market perform” rating in a research note on Monday, August 14th. Finally, National Bank Financial boosted their price target on shares of Cervus Equipment Corp from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Cervus Equipment Corp currently has an average rating of “Hold” and an average price target of C$14.95.
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About Cervus Equipment Corp
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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