Cervus Equipment (TSE:CERV) Price Target Lowered to C$12.00 at TD Securities
Cervus Equipment (TSE:CERV) had its target price lowered by TD Securities from C$15.50 to C$12.00 in a report released on Monday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.
Several other equities analysts have also recently commented on CERV. CIBC cut shares of Cervus Equipment from an outperform rating to a neutral rating and decreased their price target for the company from C$16.00 to C$13.00 in a research report on Monday. National Bank Financial cut shares of Cervus Equipment from an outperform rating to a sector perform rating and decreased their price target for the company from C$16.00 to C$13.50 in a research report on Friday, August 9th. Finally, Raymond James decreased their price target on shares of Cervus Equipment from C$16.25 to C$16.00 and set an outperform rating for the company in a research report on Friday, May 10th.
TSE:CERV opened at C$9.35 on Monday. The company has a debt-to-equity ratio of 149.04, a quick ratio of 0.28 and a current ratio of 1.69. The stock has a market capitalization of $164.09 million and a P/E ratio of 6.57. The company has a 50 day moving average price of C$11.32 and a 200 day moving average price of C$12.53. Cervus Equipment has a fifty-two week low of C$9.27 and a fifty-two week high of C$14.85.
Cervus Equipment Company Profile
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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