TD Securities Increases Cervus Equipment (CERV) Price Target to C$17.00

Cervus Equipment (TSE:CERV) had its target price hoisted by TD Securities from C$16.00 to C$17.00 in a research note issued to investors on Monday.

A number of other research analysts have also issued reports on the company. CIBC upgraded Cervus Equipment from a neutral rating to an outperform rating and lifted their target price for the company from C$17.50 to C$19.00 in a report on Monday, August 13th. Raymond James lifted their target price on Cervus Equipment from C$16.00 to C$16.50 and gave the company a market perform rating in a report on Wednesday, August 15th.

TSE:CERV opened at C$13.04 on Monday. Cervus Equipment has a 12-month low of C$11.61 and a 12-month high of C$15.68. The company has a quick ratio of 0.32, a current ratio of 1.70 and a debt-to-equity ratio of 88.39.

About Cervus Equipment

Cervus Equipment Corporation primarily engages in the sale, after-sale service, and maintenance of agricultural, transportation, construction, and industrial equipment. It operates through three segments: Agricultural, Transportation, and Commercial and Industrial. 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, as well as associated implements for mowing, tilling, snow and debris handling, aerating, and other turf applications.

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