Cervus Equipment Corp (CVL) Rating Increased to Outperform at CIBC
Cervus Equipment Corp (TSE:CVL) was upgraded by CIBC from a “sector perform” rating to an “outperform” rating in a report issued on Thursday.
A number of other brokerages have also weighed in on CVL. TD Securities increased their price target on Cervus Equipment Corp from C$12.00 to C$15.00 and gave the stock a “buy” rating in a research note on Thursday. National Bank Financial increased their target price on Cervus Equipment Corp from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 9th. Royal Bank Of Canada increased their target price on Cervus Equipment Corp from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Raymond James Financial Inc. increased their target price on Cervus Equipment Corp from C$11.00 to C$12.50 in a research report on Friday, August 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$13.38.
Shares of Cervus Equipment Corp (TSE:CVL) opened at 15.35 on Thursday. The company has a 50-day moving average price of $12.70 and a 200 day moving average price of $11.80. Cervus Equipment Corp has a 12-month low of $10.41 and a 12-month high of $15.50. The company has a market capitalization of $246.08 million and a P/E ratio of 13.10.
Cervus Equipment Corp Company Profile
Cervus Equipment Corporation 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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