Shares of Cervus Equipment Corp (TSE:CERV) have earned an average recommendation of “Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$16.50.
A number of analysts recently issued reports on CERV shares. CIBC raised their price target on Cervus Equipment from C$16.00 to C$17.50 in a research report on Wednesday, January 10th. TD Securities raised their price target on Cervus Equipment from C$14.50 to C$16.00 in a research report on Monday, November 13th. Raymond James Financial raised their price target on Cervus Equipment from C$13.25 to C$17.00 and gave the stock a “market perform” rating in a research report on Friday, November 10th. Finally, National Bank Financial raised their price target on Cervus Equipment from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th.
Shares of Cervus Equipment (TSE:CERV) traded down C$0.29 on Tuesday, reaching C$14.11. The company had a trading volume of 1,506 shares, compared to its average volume of 8,155. The company has a market capitalization of $219.47, a P/E ratio of 9.41 and a beta of 0.33. Cervus Equipment has a 12 month low of C$10.98 and a 12 month high of C$15.85.
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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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