Insider Buying: Cervus Equipment Corp (TSE:CERV) Director Buys 6,500 Shares of Stock
Cervus Equipment Corp (TSE:CERV) Director Angela S. Lekatsas acquired 6,500 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of C$7.70 per share, for a total transaction of C$50,072.75. Following the completion of the acquisition, the director now directly owns 22,800 shares of the company’s stock, valued at approximately C$175,639.80.
TSE CERV traded up C$0.05 during trading on Tuesday, reaching C$7.72. 55,558 shares of the company traded hands, compared to its average volume of 8,768. The company has a market cap of $117.42 million and a price-to-earnings ratio of 6.59. The company has a debt-to-equity ratio of 149.04, a quick ratio of 0.28 and a current ratio of 1.69. Cervus Equipment Corp has a 1-year low of C$6.41 and a 1-year high of C$14.81. The stock’s 50 day moving average price is C$8.34 and its two-hundred day moving average price is C$10.64.
A number of equities research analysts have weighed in on CERV shares. TD Securities decreased their price objective on Cervus Equipment from C$12.00 to C$9.00 and set a “hold” rating on the stock in a report on Monday. Raymond James set a C$9.00 price objective on Cervus Equipment and gave the company a “market perform” rating in a report on Tuesday. CIBC decreased their price objective on Cervus Equipment from C$11.00 to C$9.50 in a report on Monday. Finally, National Bank Financial decreased their price objective on Cervus Equipment from C$13.50 to C$10.00 and set a “sector perform” rating on the stock in a report on Friday.
Cervus Equipment Corporation engages in the sale, after-sale service, and maintenance of agricultural, transportation, and industrial equipment. It operates through three segments: Agricultural, Transportation, and Industrial Equipment. 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; and associated implements for mowing, tilling, snow and debris handling, aerating, and other turf applications.
Featured Article: What is a stock buyback?
Receive News & Ratings for Cervus Equipment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cervus Equipment and related companies with MarketBeat.com's FREE daily email newsletter.