Cervus Equipment Corp (CERV) Given New C$12.00 Price Target at Raymond James Financial, Inc.

Cervus Equipment Corp (TSE:CERV) had its price target reduced by Raymond James Financial, Inc. from C$13.25 to C$12.00 in a research report report published on Friday, May 12th. They currently have a market perform rating on the stock.

A number of other brokerages have also commented on CERV. CIBC decreased their price objective on Cervus Equipment Corp from C$18.00 to C$15.00 and set a neutral rating for the company in a report on Tuesday, March 21st. Laurentian Bank of Canada reaffirmed a buy rating on shares of Cervus Equipment Corp in a report on Friday, March 17th. Royal Bank Of Canada reduced their target price on Cervus Equipment Corp from C$17.00 to C$14.00 and set a sector perform rating for the company in a report on Friday, March 17th. TD Securities reaffirmed a hold rating and issued a C$15.00 target price on shares of Cervus Equipment Corp in a report on Friday, March 17th. Finally, Laurentian reiterated a buy rating on shares of Cervus Equipment Corp in a research note on Friday, March 17th. Four investment analysts have rated the stock with a hold rating and two have assigned 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.

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 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. The stock’s 50 day moving average is $12.19 and its 200-day moving average is $13.79.

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Cervus Equipment Corp Company Profile

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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