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.
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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