Cervus Equipment Corp (TSE:CERV) shares traded up 3.8% on Tuesday . The stock traded as high as C$15.06 and last traded at C$14.61. 10,563 shares traded hands during trading, an increase of 24% from the average session volume of 8,533 shares. The stock had previously closed at C$15.18.
A number of brokerages have commented on CERV. TD Securities upped their target price on shares of Cervus Equipment from C$14.50 to C$16.00 in a report on Monday, November 13th. CIBC reduced their target price on shares of Cervus Equipment from C$17.00 to C$16.00 and set a “neutral” rating for the company in a report on Monday, November 13th. Raymond James Financial upped their target price on shares of Cervus Equipment from C$13.25 to C$17.00 and gave the company a “market perform” rating in a report on Friday, November 10th. Finally, National Bank Financial upped their target price on shares of Cervus Equipment from C$17.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Cervus Equipment currently has a consensus rating of “Hold” and an average price target of C$16.20.
The company has a market capitalization of $236.51, a PE ratio of 10.20 and a beta of 0.38.
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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.
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