Cervus Equipment Corp (TSE:CERV) Given Consensus Rating of “Hold” by Analysts

Shares of Cervus Equipment Corp (TSE:CERV) have earned an average recommendation of “Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$13.90.

Several research analysts have recently issued reports on the company. CIBC decreased their price target on Cervus Equipment Corp from C$15.00 to C$14.00 in a research note on Friday, May 12th. TD Securities decreased their price target on Cervus Equipment Corp from C$15.00 to C$13.50 and set a “hold” rating for the company in a research note on Monday, May 15th. Raymond James Financial, Inc. decreased their price target on Cervus Equipment Corp from C$13.25 to C$12.00 and set a “market perform” rating for the company in a research note on Friday, May 12th. National Bank Financial increased their price target on Cervus Equipment Corp from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada decreased their price target on Cervus Equipment Corp from C$14.00 to C$13.00 and set a “sector perform” rating for the company in a research note on Monday, May 15th.

Shares of Cervus Equipment Corp (TSE:CERV) traded up 5.08% during trading on Friday, hitting $12.83. 12,640 shares of the stock were exchanged. Cervus Equipment Corp has a one year low of $10.98 and a one year high of $16.52. The stock’s 50 day moving average price is $11.79 and its 200 day moving average price is $12.75. The stock has a market cap of $202.51 million and a PE ratio of 10.29.

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About Cervus Equipment Corp

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.

Analyst Recommendations for Cervus Equipment Corp (TSE:CERV)

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