Shares of Cervus Equipment Corp (TSE:CERV) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$13.90.
A number of analysts recently weighed in on CERV shares. Royal Bank Of Canada dropped their price objective on shares of Cervus Equipment Corp from C$14.00 to C$13.00 and set a “sector perform” rating on the stock in a report on Monday, May 15th. CIBC dropped their price objective on shares of Cervus Equipment Corp from C$15.00 to C$14.00 in a report on Friday, May 12th. Raymond James Financial, Inc. dropped their price objective on shares of Cervus Equipment Corp from C$13.25 to C$12.00 and set a “market perform” rating on the stock in a report on Friday, May 12th. TD Securities dropped their price objective on shares of Cervus Equipment Corp from C$15.00 to C$13.50 and set a “hold” rating on the stock in a report on Monday, May 15th. Finally, National Bank Financial increased their price objective on shares of Cervus Equipment Corp from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a report on Thursday.
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Shares of Cervus Equipment Corp (TSE:CERV) traded up 1.46% during mid-day trading on Friday, hitting $12.50. 1,000 shares of the stock traded hands. The firm’s 50 day moving average price is $11.64 and its 200-day moving average price is $12.95. Cervus Equipment Corp has a 12-month low of $10.98 and a 12-month high of $16.52. The stock has a market cap of $197.54 million and a P/E ratio of 8.68.
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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