Cervus Equipment (CERV) Hits New 12-Month Low at $12.95

Cervus Equipment Corp (TSE:CERV)’s share price reached a new 52-week low on Thursday . The stock traded as low as C$12.95 and last traded at C$12.95, with a volume of 69768 shares changing hands. The stock had previously closed at C$13.40.

A number of equities analysts recently commented on CERV shares. Raymond James lifted their price objective on Cervus Equipment from C$16.00 to C$16.50 and gave the stock a “market perform” rating in a research report on Wednesday, August 15th. CIBC upgraded Cervus Equipment from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$17.50 to C$19.00 in a research report on Monday, August 13th.

Cervus Equipment Company Profile (TSE:CERV)

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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