Cervus Equipment (TSE:CERV) had its price target increased by analysts at CIBC from C$16.00 to C$17.50 in a research note issued on Wednesday. CIBC’s price target points to a potential upside of 16.82% from the company’s previous close.
Several other brokerages have also recently commented on CERV. TD Securities boosted their price target on shares of Cervus Equipment from C$14.50 to C$16.00 in a research note on Monday, November 13th. Raymond James Financial boosted their price target on shares of Cervus Equipment from C$13.25 to C$17.00 and gave the stock a “market perform” rating in a research note on Friday, November 10th. Finally, National Bank Financial boosted their price target on shares of Cervus Equipment from C$17.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$16.50.
Shares of Cervus Equipment (TSE CERV) opened at C$14.98 on Wednesday. The company has a market cap of $239.62, a price-to-earnings ratio of 9.99 and a beta of 0.38. Cervus Equipment has a one year low of C$10.98 and a one year high of C$15.85.
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About Cervus Equipment
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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