Cervus Equipment (TSE:CERV) Price Target Cut to C$11.00

Cervus Equipment (TSE:CERV) had its target price trimmed by CIBC from C$13.00 to C$11.00 in a report published on Thursday morning, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on CERV. National Bank Financial cut Cervus Equipment from an outperform rating to a sector perform rating and dropped their target price for the stock from C$16.00 to C$13.50 in a report on Friday, August 9th. TD Securities dropped their target price on Cervus Equipment from C$15.50 to C$12.00 and set a hold rating for the company in a report on Monday, August 12th. Finally, Raymond James dropped their target price on Cervus Equipment from C$16.00 to C$12.00 and set an outperform rating for the company in a report on Wednesday, August 14th.

Cervus Equipment stock opened at C$8.65 on Thursday. The business has a 50 day moving average price of C$8.81 and a two-hundred day moving average price of C$11.23. The company has a quick ratio of 0.28, a current ratio of 1.69 and a debt-to-equity ratio of 149.04. The stock has a market cap of $132.60 million and a price-to-earnings ratio of 7.39. Cervus Equipment has a 12 month low of C$7.95 and a 12 month high of C$14.81.

About Cervus Equipment

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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