Cervus Equipment Corp (CERV) Price Target Cut to C$16.00 by Analysts at CIBC
Cervus Equipment Corp (TSE:CERV) had its target price cut by CIBC from C$17.00 to C$16.00 in a report released on Monday. The firm currently has a “neutral” rating on the stock. CIBC’s price target points to a potential upside of 6.88% from the company’s previous close.
CERV has been the topic of several other research reports. National Bank Financial raised their target price on shares of Cervus Equipment Corp from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial, Inc. raised their target price on shares of Cervus Equipment Corp from C$13.25 to C$17.00 and gave the stock a “market perform” rating in a report on Friday. Finally, TD Securities raised their target price on shares of Cervus Equipment Corp from C$13.50 to C$14.50 in a report on Monday, August 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of C$16.20.
Shares of Cervus Equipment Corp (CERV) traded down C$0.54 during trading on Monday, hitting C$14.97. 29,351 shares of the stock traded hands, compared to its average volume of 7,661. Cervus Equipment Corp has a 1 year low of C$10.98 and a 1 year high of C$16.52.
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Cervus Equipment Corp Company Profile
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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