Cervus Equipment (TSE:CERV) Price Target Lowered to C$12.00 at TD Securities

Cervus Equipment (TSE:CERV) had its price objective lowered by TD Securities from C$15.50 to C$12.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

CERV has been the topic of several other reports. Raymond James lowered their target price on shares of Cervus Equipment from C$16.25 to C$16.00 and set an outperform rating on the stock in a research note on Friday, May 10th. National Bank Financial lowered shares of Cervus Equipment from an outperform rating to a sector perform rating and lowered their target price for the stock from C$16.00 to C$13.50 in a research note on Friday, August 9th. Finally, CIBC downgraded shares of Cervus Equipment from an outperform rating to a neutral rating and reduced their price target for the stock from C$16.00 to C$13.00 in a research report on Monday.

CERV stock opened at C$9.35 on Monday. The company’s 50-day simple moving average is C$11.32 and its 200-day simple moving average is C$12.53. The company has a quick ratio of 0.28, a current ratio of 1.69 and a debt-to-equity ratio of 149.04. Cervus Equipment has a 52-week low of C$9.27 and a 52-week high of C$14.85. The firm has a market cap of $164.09 million and a P/E ratio of 6.57.

In related news, Director Peter Alan Lacey purchased 16,000 shares of Cervus Equipment stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of C$11.72 per share, for a total transaction of C$187,520.00. Following the transaction, the director now directly owns 33,511 shares in the company, valued at C$392,748.92.

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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