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 note issued on Wednesday. CIBC’s price target points to a potential upside of 14.38% from the stock’s current price.
A number of other research firms have also issued reports on CERV. TD Securities lifted their target price on Cervus Equipment from C$14.50 to C$16.00 in a report on Monday, November 13th. Raymond James Financial lifted their target price 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 lifted their target price 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of C$16.50.
Cervus Equipment (CERV) traded up C$0.69 during trading hours on Wednesday, reaching C$15.30. The company had a trading volume of 52,245 shares, compared to its average volume of 15,818. The firm has a market capitalization of $244.78, a price-to-earnings ratio of 10.20 and a beta of 0.38. Cervus Equipment has a 1 year low of C$10.98 and a 1 year high of C$15.85.
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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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