Cervus Equipment Corp (TSE:CERV) shares dropped 1.5% on Thursday . The company traded as low as C$13.00 and last traded at C$13.20. Approximately 3,400 shares were traded during trading, a decline of 57% from the average daily volume of 7,914 shares. The stock had previously closed at C$13.40.

CERV has been the topic of a number of research analyst reports. TD Securities upped their target price on Cervus Equipment Corp from C$13.50 to C$14.50 in a report on Monday, August 14th. Raymond James Financial, Inc. upped their price objective on Cervus Equipment Corp from C$12.00 to C$13.25 and gave the company a “market perform” rating in a research report on Monday, August 14th. Finally, National Bank Financial upped their price objective on Cervus Equipment Corp from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Cervus Equipment Corp presently has an average rating of “Hold” and an average price target of C$14.35.

The stock has a market capitalization of $211.84 million and a PE ratio of 8.44. The firm’s 50-day moving average price is $12.96 and its 200 day moving average price is $12.47.

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About Cervus Equipment Corp

Cervus Equipment Corporation primarily engages in the sale, after-sale service, and maintenance of agricultural, transportation, construction, and industrial equipment. It operates through three segments: Agricultural, Transportation, and Commercial and Industrial. The Agricultural segment offers tractors, combine harvesting equipment, tillage, seeding, nutrient management and soil preparation machinery, sprayers, hay and forage equipment, material handling, integrated agricultural systems technology, precision agricultural irrigation equipment and supplies, lawn and garden tractors, compact utility tractors, zero-turn radius and front mowers, and utility vehicles, as well as associated implements for mowing, tilling, snow and debris handling, aerating, and other turf applications.

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