Cervus Equipment (TSE:CERV) Given New C$12.00 Price Target at TD Securities

Cervus Equipment (TSE:CERV) had its price target dropped by equities research analysts at TD Securities from C$15.50 to C$12.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 22.20% from the stock’s current price.

CERV has been the topic of several other reports. Raymond James lowered their price objective on 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. CIBC lowered Cervus Equipment from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$16.00 to C$13.00 in a research note on Monday. Finally, National Bank Financial lowered Cervus Equipment from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$16.00 to C$13.50 in a research note on Friday.

Shares of CERV stock traded down C$0.74 during trading hours on Monday, hitting C$9.82. The company had a trading volume of 8,300 shares, compared to its average volume of 7,993. Cervus Equipment has a 12 month low of C$9.81 and a 12 month high of C$14.85. The company has a market cap of $164.09 million and a price-to-earnings ratio of 6.90. The stock’s fifty day moving average is C$11.60. The company has a debt-to-equity ratio of 149.04, a current ratio of 1.69 and a quick ratio of 0.28.

In other Cervus Equipment news, 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, for a total transaction of C$43,852.86. Following the transaction, the director now directly owns 9,700 shares in the company, valued at C$125,109.63. Also, Director Peter Alan Lacey purchased 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of C$11.72 per share, for a total transaction of C$187,520.00. Following the completion of the transaction, the director now 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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