Cervus Equipment Corp (CVL) Stock Rating Reaffirmed by Laurentian Bank of Canada
Cervus Equipment Corp (TSE:CVL)‘s stock had its “hold” rating reaffirmed by stock analysts at Laurentian Bank of Canada in a research report issued to clients and investors on Wednesday.
A number of other equities analysts have also recently issued reports on CVL. Raymond James Financial Inc. increased their target price on Cervus Equipment Corp from C$11.00 to C$12.50 in a report on Friday, August 12th. TD Securities increased their target price on Cervus Equipment Corp from C$12.00 to C$15.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. Laurentian reiterated a “hold” rating on shares of Cervus Equipment Corp in a report on Wednesday. CIBC upgraded Cervus Equipment Corp from a “sector perform” rating to an “outperform” rating in a report on Thursday, November 10th. Finally, 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 report on Thursday, November 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$13.38.
Cervus Equipment Corp (TSE:CVL) traded down 0.62% during trading on Wednesday, reaching $16.00. 35,312 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $13.49 and its 200-day moving average price is $12.01. Cervus Equipment Corp has a 12 month low of $10.41 and a 12 month high of $16.14. The firm has a market cap of $251.90 million and a price-to-earnings ratio of 13.83.
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About Cervus Equipment Corp
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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