Cervus Equipment’s (CERV) Market Perform Rating Reaffirmed at Raymond James

Cervus Equipment (TSE:CERV)‘s stock had its “market perform” rating reissued by Raymond James in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. They currently have a C$9.00 price target on the stock. Raymond James’ price objective indicates a potential upside of 7.14% from the company’s previous close.

Other research analysts have also issued reports about the stock. National Bank Financial reduced their target price on shares of Cervus Equipment from C$13.50 to C$10.00 and set a “sector perform” rating on the stock in a report on Friday, November 8th. TD Securities reduced their target price on shares of Cervus Equipment from C$12.00 to C$9.00 and set a “hold” rating on the stock in a report on Monday. Finally, CIBC reduced their target price on shares of Cervus Equipment from C$11.00 to C$9.50 in a report on Monday.

TSE:CERV traded up C$0.28 on Tuesday, reaching C$8.40. The stock had a trading volume of 10,270 shares, compared to its average volume of 8,778. The company has a market cap of $117.42 million and a price-to-earnings ratio of 7.17. The company has a debt-to-equity ratio of 149.04, a current ratio of 1.69 and a quick ratio of 0.28. The firm’s fifty day moving average is C$8.31 and its two-hundred day moving average is C$10.59. Cervus Equipment has a 12-month low of C$6.41 and a 12-month high of C$14.81.

In other news, Director Angela S. Lekatsas bought 6,500 shares of Cervus Equipment 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 acquisition, the director now owns 22,800 shares in the company, valued at C$175,639.80.

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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