CIBC Lowers Cervus Equipment (TSE:CERV) Price Target to C$16.00

Cervus Equipment (TSE:CERV) had its price objective trimmed by CIBC from C$19.00 to C$16.00 in a report published on Tuesday, BayStreet.CA reports.

Several other analysts also recently commented on CERV. TD Securities lowered their price objective on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a reduce rating for the company in a research note on Monday, May 13th. National Bank Financial lowered their price objective on Rocky Mountain Dealerships from C$10.00 to C$8.00 in a research note on Tuesday, July 2nd. Finally, Raymond James reissued a buy rating on shares of Canadian Natural Resources in a research note on Friday, May 10th.

CERV stock opened at C$11.46 on Tuesday. The business’s 50 day moving average price is C$12.11. Cervus Equipment has a fifty-two week low of C$11.45 and a fifty-two week high of C$14.85. The company has a current ratio of 1.59, a quick ratio of 0.25 and a debt-to-equity ratio of 139.85. The firm has a market cap of $179.17 million and a P/E ratio of 7.79.



In other Cervus Equipment news, Director Peter Alan Lacey purchased 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was bought at an average cost of C$11.72 per share, with a total value of C$187,520.00. Following the completion of the transaction, the director now owns 33,511 shares of the company’s stock, valued at approximately C$392,748.92. Also, Director Angela S. Lekatsas purchased 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average cost of C$12.90 per share, with a total value of C$43,852.86. Following the completion of the transaction, the director now directly owns 9,700 shares of the company’s stock, valued at approximately C$125,109.63.

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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