Desjardins Analysts Give Zedcor (CVE:ZDC) a C$7.50 Price Target

Desjardins set a C$7.50 price objective on Zedcor (CVE:ZDC) in a research note issued to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on ZDC. Stifel Nicolaus set a C$7.00 price objective on Zedcor and gave the company a “buy” rating in a research report on Wednesday, August 20th. National Bankshares increased their price objective on Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Canaccord Genuity Group increased their price objective on Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th. Finally, Stifel Canada raised Zedcor to a “strong-buy” rating in a research report on Tuesday, August 19th. Three analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$6.17.

Zedcor Trading Up 3.6%

Shares of CVE:ZDC opened at C$6.57 on Thursday. The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87. Zedcor has a 1 year low of C$2.50 and a 1 year high of C$6.66. The company has a market cap of C$691.56 million, a P/E ratio of 328.50 and a beta of 1.17. The stock’s fifty day moving average price is C$4.92 and its 200-day moving average price is C$4.09.

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.