Raymond James Boosts Zedcor (CVE:ZDC) Price Target to C$3.75

Zedcor (CVE:ZDC) had its price objective raised by stock analysts at Raymond James from C$3.25 to C$3.75 in a report issued on Thursday,BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 17.19% from the company’s previous close.

Zedcor Stock Performance

Shares of Zedcor stock opened at C$3.20 on Thursday. The firm has a market capitalization of C$306.43 million, a P/E ratio of 170.00 and a beta of 2.48. Zedcor has a fifty-two week low of C$0.49 and a fifty-two week high of C$3.37. The company has a debt-to-equity ratio of 84.82, a current ratio of 1.51 and a quick ratio of 0.87. The company’s 50 day moving average price is C$2.45 and its two-hundred day moving average price is C$1.76.

Zedcor (CVE:ZDC) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$7.37 million for the quarter, compared to analyst estimates of C$6.40 million. Zedcor had a net margin of 1.43% and a return on equity of 1.76%. On average, equities analysts forecast that Zedcor will post 0.0300123 earnings per share for the current fiscal year.

Insider Transactions at Zedcor

In related news, Senior Officer Jan Marie Campbell sold 33,333 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$1.75, for a total value of C$58,332.75. Also, Senior Officer Kyle Jay Cammann Doenz acquired 44,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were bought at an average price of C$2.63 per share, with a total value of C$115,720.00. Insiders acquired a total of 47,600 shares of company stock valued at $123,477 over the last three months. Corporate insiders own 30.15% of the company’s stock.

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.