Zedcor (CVE:ZDC) Given a C$3.25 Price Target by Raymond James Analysts

Zedcor (CVE:ZDC) received a C$3.25 price objective from stock analysts at Raymond James in a report issued on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target suggests a potential upside of 16.49% from the company’s previous close.

Zedcor Price Performance

Shares of ZDC opened at C$2.79 on Tuesday. The company has a debt-to-equity ratio of 84.82, a quick ratio of 0.87 and a current ratio of 1.51. Zedcor has a fifty-two week low of C$0.49 and a fifty-two week high of C$2.89. The firm has a 50-day simple moving average of C$2.13 and a 200-day simple moving average of C$1.60. The company has a market capitalization of C$267.17 million, a price-to-earnings ratio of 170.00 and a beta of 2.48.

Zedcor (CVE:ZDC) last announced its earnings results on Tuesday, August 13th. The company reported C$0.02 earnings per share for the quarter. Zedcor had a return on equity of 1.76% and a net margin of 1.43%. The company had revenue of C$7.37 million for the quarter, compared to the consensus estimate of C$6.40 million. On average, equities research analysts anticipate that Zedcor will post 0.0300123 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer Kyle Jay Cammann Doenz sold 125,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$1.91, for a total value of C$238,987.50. In other news, Senior Officer Jan Marie Campbell sold 33,333 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of C$1.75, for a total transaction of C$58,332.75. Also, Senior Officer Kyle Jay Cammann Doenz sold 125,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$1.91, for a total transaction of C$238,987.50. In the last quarter, insiders bought 47,600 shares of company stock worth $123,477. 30.15% of the stock is owned by insiders.

About Zedcor

Zedcor Inc provides technology-based security and surveillance services in Canada. It engages in the provision of rental, service, and remote monitoring of its proprietary MobileyeZ security towers; surveillance and monitoring of fixed site locations; and security personnel. The company also engages in mobile and fixed surveillance, security guards, access control, and sensor related technology services.