Cervus Equipment Corp (CERV) Receives Consensus Rating of “Hold” from Analysts
Shares of Cervus Equipment Corp (TSE:CERV) have been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$16.20.
A number of research firms recently issued reports on CERV. TD Securities raised their price target on Cervus Equipment from C$14.50 to C$16.00 in a report on Monday, November 13th. CIBC raised their price target on Cervus Equipment from C$15.00 to C$17.00 in a report on Friday, October 13th. 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 report on Friday, November 10th. Finally, 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 report on Friday, November 10th.
Cervus Equipment (CERV) traded down C$0.01 during midday trading on Monday, hitting C$15.54. The company had a trading volume of 7,544 shares, compared to its average volume of 8,296. Cervus Equipment has a 52-week low of C$10.98 and a 52-week high of C$16.00. The stock has a market capitalization of $242.54, a price-to-earnings ratio of 10.36 and a beta of 0.38.
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Cervus Equipment Company Profile
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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