Cervus Equipment Corp (CVL) Rating Reiterated by Laurentian
Cervus Equipment Corp (TSE:CVL)‘s stock had its “hold” rating reissued by research analysts at Laurentian in a report released on Wednesday.
A number of other research analysts also recently commented on the stock. CIBC raised shares of Cervus Equipment Corp from a “sector perform” rating to an “outperform” rating in a research report on Thursday, November 10th. Raymond James Financial Inc. lifted their price objective on shares of Cervus Equipment Corp from C$11.00 to C$12.50 in a research report on Friday, August 12th. TD Securities lifted their price objective on shares of Cervus Equipment Corp from C$12.00 to C$15.00 and gave the company a “buy” rating in a research report on Thursday, November 10th. Royal Bank Of Canada lifted their price objective on shares of Cervus Equipment Corp from C$14.00 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, November 10th. 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 stock a “sector perform” rating in a research note on Wednesday, November 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$13.38.
Shares of Cervus Equipment Corp (TSE:CVL) opened at 16.10 on Wednesday. The company has a market capitalization of $253.48 million and a PE ratio of 13.92. Cervus Equipment Corp has a 52 week low of $10.41 and a 52 week high of $16.14. The firm’s 50-day moving average is $13.72 and its 200 day moving average is $12.07.
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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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