Over the past several weeks, Cervus Equipment Co. (TSX-V:$CERV , OTC:$CSQPF) has had its price objective changed by multiple financial institutions, ranging from CIBC to National Bank Financial and more.
CIBC dropped Cervus Equipment’s price objective from C$17.00 to C$16.00 on Monday, November 13th. Currently, Cervus stock has a “neutral” rating from CIBC. CIBC’s new price target suggests a potential upside of 4.64% from the company’s previous close.
National Bank Financial went in the other direction, lifting their target price on Cervus Equipment from C$17.00 to C$19.00 and giving their stock an “outperform” rating in their report on Friday, November 10th.
Dating back further, Raymond James Financial, Inc. had also lifted their target price, going from C$12.00 to C$13.25. They gave Cervus Equipment stock a “market perform” rating in their report from Monday, August 14th.
TD Securities reported on Monday, August 14th that they had lifted their target price from C$13.50 to C$14.50.
Altogether, four investment analysts have rated Cervus Equipment stock with a hold rating, while three have given it a buy rating. This gives the stock a consensus rating of “Hold”, with an average price target of C$16.20.
Cervus Equipment traded up C$0.12 during trading hours on Monday, hitting C$15.29, with a traded volume of 13,077 shares compared to its average volume of 7,980. The company has a 1-year low of C$10.98 and a 1-year high of C$16.52.
Cervus Equipment Corporation is involved with sale and after-sale service, and with the maintenance of agricultural, transportation, construction, and industrial equipment, operating through the three segments of Agricultural, Transportation, and Commercial and Industrial. Its Agricultural segment provides 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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