Raymond James Financial Lowers Cervus Equipment (CERV) Price Target to C$15.75

Cervus Equipment (TSE:CERV) had its target price lowered by stock analysts at Raymond James Financial from C$17.00 to C$15.75 in a research report issued on Friday, March 16th. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 15.38% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. TD Securities raised their target price on shares of Cervus Equipment from C$16.00 to C$16.50 and gave the company a “hold” rating in a report on Friday, March 16th. CIBC raised their target price on shares of Cervus Equipment from C$16.00 to C$17.50 in a report on Wednesday, January 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Cervus Equipment has an average rating of “Hold” and a consensus price target of C$16.35.

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TSE:CERV traded up C$0.15 during mid-day trading on Friday, hitting C$13.65. The stock had a trading volume of 2,866 shares, compared to its average volume of 6,334. Cervus Equipment has a twelve month low of C$10.98 and a twelve month high of C$15.85.

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Cervus Equipment 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.

Analyst Recommendations for Cervus Equipment (TSE:CERV)

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