What’s Cervus Equipment Corp Upside After Reaching 52-Week High?

 What's Cervus Equipment Corp Upside After Reaching 52 Week High?

The stock of Cervus Equipment Corp (TSE:CVL) hit a new 52-week high and has $16.54 target or 4.00% above today’s $15.90 share price. The 5 months bullish chart indicates low risk for the $254.20 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $16.54 price target is reached, the company will be worth $10.17M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 1,691 shares traded hands. Cervus Equipment Corp (TSE:CVL) has risen 34.50% since April 19, 2016 and is uptrending. It has outperformed by 29.17% the S&P500.

Cervus Equipment Corp (TSE:CVL) Ratings Coverage

Out of 4 analysts covering Cervus Equipment (TSE:CVL), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $19 is the highest target while $12 is the lowest. The $14.54 average target is -8.55% below today’s ($15.9) stock price. Cervus Equipment has been the topic of 18 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Monday, August 24 by TD Securities. The company was maintained on Friday, August 14 by Scotia Capital. The rating was upgraded by IBC on Tuesday, October 13 to “Sector Outperformer”.

Another recent and important Cervus Equipment Corp (TSE:CVL) news was published by Reuters.com which published an article titled: “BRIEF-Cervus Equipment Corp announces third quarter 2016 results” on November 08, 2016.

Cervus Equipment Corporation is engaged in the sale, after-sale service and maintenance of agricultural, transportation, construction and industrial equipment. The company has a market cap of $254.20 million. The Firm acquires and operates authorized agricultural, construction, material handling and transportation equipment dealerships. It has a 13.99 P/E ratio. It operates through three divisions: Agriculture, Commercial and Industrial, and Transportation.

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