Laurentian Reiterates Buy Rating for Cervus Equipment Corp (CERV)
Cervus Equipment Corp (TSE:CERV)‘s stock had its “buy” rating reaffirmed by investment analysts at Laurentian in a research note issued to investors on Friday.
Several other equities analysts have also weighed in on CERV. Royal Bank of Canada cut their price objective on shares of Cervus Equipment Corp from C$17.00 to C$14.00 and set a “sector perform” rating on the stock in a report on Friday. Raymond James Financial, Inc. cut their price objective on shares of Cervus Equipment Corp from C$16.00 to C$13.25 and set a “market perform” rating on the stock in a report on Friday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cervus Equipment Corp presently has an average rating of “Hold” and a consensus target price of C$14.08.
Shares of Cervus Equipment Corp (TSE:CERV) opened at 12.70 on Friday. The firm has a market cap of $199.95 million and a price-to-earnings ratio of 10.98. Cervus Equipment Corp has a 52 week low of $10.42 and a 52 week high of $16.52. The firm’s 50 day moving average is $14.51 and its 200-day moving average is $14.18.
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