Cervus Equipment Corp (CERV) Price Target Cut to C$13.50 by Analysts at TD Securities

Cervus Equipment Corp (TSE:CERV) had its price objective decreased by TD Securities from C$15.00 to C$13.50 in a research report sent to investors on Monday. TD Securities currently has a hold rating on the stock.

CERV has been the topic of a number of other reports. CIBC dropped their target price on shares of Cervus Equipment Corp from C$15.00 to C$14.00 in a research note on Friday. Raymond James Financial, Inc. dropped their target price on shares of Cervus Equipment Corp from C$13.25 to C$12.00 and set a market perform rating on the stock in a research note on Friday. Laurentian Bank of Canada reiterated a buy rating on shares of Cervus Equipment Corp in a research note on Friday, March 17th. Royal Bank of Canada dropped their target price on shares of Cervus Equipment Corp from C$14.00 to C$13.00 and set a sector perform rating on the stock in a research note on Monday. Finally, Laurentian reiterated a buy rating on shares of Cervus Equipment Corp in a research note on Friday, March 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of C$13.13.

Analyst Recommendations for Cervus Equipment Corp (TSE:CERV)

Shares of Cervus Equipment Corp (TSE:CERV) remained flat at $12.00 during midday trading on Monday. 41,519 shares of the stock were exchanged. The company’s 50-day moving average price is $12.31 and its 200-day moving average price is $14.20. The firm has a market cap of $189.14 million and a price-to-earnings ratio of 9.80. Cervus Equipment Corp has a 12 month low of $10.99 and a 12 month high of $16.52.

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Cervus Equipment Corp Company Profile

Cervus Equipment Corp is engaged in the sale, after-sale service and maintenance of agricultural, transportation, construction and industrial equipment. The Company acquires and operates authorized agricultural, construction, material handling and transportation equipment dealerships. It operates through three segments: Agriculture, Commercial and Industrial, and Transportation.

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