Raymond James Financial Inc. Downgrades Cervus Equipment Corp (CVL) to Market Perform
Cervus Equipment Corp (TSE:CVL) was downgraded by Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating in a note issued to investors on Thursday.
A number of other research firms also recently commented on CVL. TD Securities upped their price objective on Cervus Equipment Corp from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada upped their price objective on Cervus Equipment Corp from C$14.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, National Bank Financial upped their price objective on Cervus Equipment Corp from C$13.00 to C$15.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$13.38.
Shares of Cervus Equipment Corp (TSE:CVL) opened at 15.35 on Thursday. The stock has a market capitalization of $246.08 million and a P/E ratio of 13.10. Cervus Equipment Corp has a one year low of $10.41 and a one year high of $15.50. The firm’s 50-day moving average price is $12.70 and its 200-day moving average price is $11.80.
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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