Cervus Equipment (CERV) Price Target Raised to C$17.50 at CIBC
Cervus Equipment (TSE:CERV) had its target price raised by investment analysts at CIBC from C$16.00 to C$17.50 in a research report issued on Wednesday. CIBC’s price target would suggest a potential upside of 14.38% from the stock’s current price.
Several other brokerages also recently issued reports on CERV. TD Securities increased their price target on Cervus Equipment from C$14.50 to C$16.00 in a report on Monday, November 13th. Raymond James Financial increased their price target on Cervus Equipment from C$13.25 to C$17.00 and gave the stock a “market perform” rating in a report on Friday, November 10th. Finally, National Bank Financial increased their price target on Cervus Equipment from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$16.50.
Cervus Equipment (CERV) remained flat at $C$15.30 during midday trading on Wednesday. 13,859 shares of the stock were exchanged, compared to its average volume of 15,538. The firm has a market cap of $239.62, a P/E ratio of 10.20 and a beta of 0.38. Cervus Equipment has a 12 month low of C$10.98 and a 12 month high of C$15.85.
About Cervus Equipment
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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