TD Securities Trims Cervus Equipment (CERV) Target Price to C$15.50

Cervus Equipment (TSE:CERV) had its target price lowered by TD Securities from C$17.00 to C$15.50 in a research note issued 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 research reports. Raymond James cut their target price 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. National Bank Financial dropped their price target on Cervus Equipment from C$19.00 to C$17.50 and set an outperform rating on the stock in a research report on Monday, January 21st.

TSE:CERV opened at C$12.85 on Monday. Cervus Equipment has a 1-year low of C$11.61 and a 1-year high of C$15.05. The company has a current ratio of 1.61, a quick ratio of 0.24 and a debt-to-equity ratio of 84.71. The stock has a market capitalization of $204.76 million and a price-to-earnings ratio of 7.93.

About Cervus Equipment

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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