TD Securities Increases Cervus Equipment Corp (CVL) Price Target to C$15.00
Cervus Equipment Corp (TSE:CVL) had its target price lifted by equities research analysts at TD Securities from C$12.00 to C$15.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target points to a potential downside of 2.28% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Raymond James Financial Inc. raised their price target on shares of Cervus Equipment Corp from C$11.00 to C$12.50 in a research report on Friday, August 12th. Royal Bank Of Canada raised their target price on shares of Cervus Equipment Corp from C$14.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday. Finally, National Bank Financial raised their target price on shares of Cervus Equipment Corp from C$13.00 to C$15.00 and gave the company a “sector perform” rating in a report on Wednesday, November 9th. Two investment 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 a consensus target price of C$13.38.
Cervus Equipment Corp (TSE:CVL) opened at 15.35 on Thursday. The stock’s 50 day moving average is $12.70 and its 200-day moving average is $11.80. The firm has a market capitalization of $246.08 million and a price-to-earnings ratio of 13.10. Cervus Equipment Corp has a 12 month low of $10.41 and a 12 month high of $15.50.
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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