Shares of Cervus Equipment Corp (TSE:CERV) have been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Two equities 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 objective among analysts that have issued a report on the stock in the last year is C$16.50.
Several equities research analysts recently commented on the company. CIBC increased their price target on Cervus Equipment from C$15.00 to C$17.00 in a report on Friday, October 13th. National Bank Financial increased their price target on Cervus Equipment from C$17.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Raymond James Financial increased their price target on Cervus Equipment from C$13.25 to C$17.00 and gave the company a “market perform” rating in a report on Friday, November 10th. Finally, TD Securities increased their price target on Cervus Equipment from C$14.50 to C$16.00 in a report on Monday, November 13th.
Shares of Cervus Equipment (CERV) traded down C$0.24 during trading on Friday, hitting C$14.68. The company’s stock had a trading volume of 3,567 shares, compared to its average volume of 10,494. Cervus Equipment has a fifty-two week low of C$10.98 and a fifty-two week high of C$15.85. The firm has a market capitalization of $233.64, a PE ratio of 9.79 and a beta of 0.38.
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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