Cervus Equipment (TSE:CERV) had its target price lowered by CIBC from C$11.00 to C$9.50 in a research note published on Monday morning, BayStreet.CA reports.

A number of other brokerages also recently commented on CERV. National Bank Financial decreased their price target on Cervus Equipment from C$13.50 to C$10.00 and set a sector perform rating for the company in a research report on Friday, November 8th. Raymond James decreased their price target on Cervus Equipment from C$16.00 to C$12.00 and set an outperform rating for the company in a research report on Wednesday, August 14th. Finally, TD Securities decreased their price target on Cervus Equipment from C$12.00 to C$9.00 and set a hold rating for the company in a research report on Monday.

Shares of Cervus Equipment stock traded up C$0.28 on Monday, hitting C$8.40. The company had a trading volume of 10,270 shares, compared to its average volume of 8,778. The stock has a market capitalization of $117.42 million and a price-to-earnings ratio of 7.17. Cervus Equipment has a 1 year low of C$6.41 and a 1 year high of C$14.81. The stock has a 50 day moving average of C$8.31 and a 200-day moving average of C$10.59. The company has a debt-to-equity ratio of 149.04, a quick ratio of 0.28 and a current ratio of 1.69.

In other news, Director Angela S. Lekatsas acquired 6,500 shares of Cervus Equipment stock in a transaction on Tuesday, November 12th. The stock was acquired at an average cost of C$7.70 per share, with a total value of C$50,072.75. Following the completion of the acquisition, the director now owns 22,800 shares in the company, valued at C$175,639.80.

Cervus Equipment Company Profile

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.

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