Cervus Equipment Corp (CERV) Price Target Lowered to C$14.00 at CIBC

Cervus Equipment Corp (TSE:CERV) had its price objective decreased by investment analysts at CIBC from C$15.00 to C$14.00 in a report issued on Friday, May 12th. CIBC’s target price indicates a potential upside of 19.71% from the stock’s current price.

CERV has been the topic of several other research reports. Laurentian reiterated a “buy” rating on shares of Cervus Equipment Corp in a research note on Friday, March 17th. Laurentian Bank of Canada restated a “buy” rating on shares of Cervus Equipment Corp in a research report on Friday, March 17th. TD Securities restated a “hold” rating and set a C$15.00 target price on shares of Cervus Equipment Corp in a research report on Friday, March 17th. Raymond James Financial, Inc. lowered their price objective on Cervus Equipment Corp from C$16.00 to C$13.25 and set a “market perform” rating on the stock in a research report on Friday, March 17th. Finally, Royal Bank Of Canada lowered their price objective on Cervus Equipment Corp from C$17.00 to C$14.00 and set a “sector perform” rating on the stock in a research report on Friday, March 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$13.13.

Analyst Recommendations for Cervus Equipment Corp (TSE:CERV)

Cervus Equipment Corp (TSE CERV) traded up 1.168% during trading on Friday, reaching $11.695. The company’s stock had a trading volume of 800 shares. The stock’s 50 day moving average is $12.19 and its 200-day moving average is $13.79. The firm has a market cap of $184.59 million and a P/E ratio of 9.379. Cervus Equipment Corp has a 52 week low of $10.99 and a 52 week high of $16.52.

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About Cervus Equipment Corp

Cervus Equipment Corp is engaged in the sale, after-sale service and maintenance of agricultural, transportation, construction and industrial equipment. The Company acquires and operates authorized agricultural, construction, material handling and transportation equipment dealerships. It operates through three segments: Agriculture, Commercial and Industrial, and Transportation.

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