Cervus Equipment Corp (TSE:CERV) had its target price boosted by equities researchers at CIBC from C$15.00 to C$17.00 in a research note issued on Friday. CIBC’s target price indicates a potential upside of 18.47% from the company’s current price.
A number of other brokerages also recently issued reports on CERV. Raymond James Financial, Inc. raised their price target on shares of Cervus Equipment Corp from C$12.00 to C$13.25 and gave the company a “market perform” rating in a report on Monday, August 14th. TD Securities raised their price target on shares of Cervus Equipment Corp from C$13.50 to C$14.50 in a report on Monday, August 14th. Finally, National Bank Financial raised their price target on shares of Cervus Equipment Corp from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$14.95.
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About Cervus Equipment Corp
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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