Stifel Nicolaus Analysts Give Drone Delivery Canada (CVE:FLT) a C$0.85 Price Target

Stifel Nicolaus set a C$0.85 target price on Drone Delivery Canada (CVE:FLT) in a report published on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Drone Delivery Canada Stock Performance

CVE FLT opened at C$0.62 on Thursday. The company has a debt-to-equity ratio of 67.19, a current ratio of 0.46 and a quick ratio of 9.02. Drone Delivery Canada has a 1 year low of C$0.13 and a 1 year high of C$0.97. The company has a market capitalization of C$413.04 million, a PE ratio of -20.67 and a beta of 2.42. The company has a fifty day moving average of C$0.65 and a two-hundred day moving average of C$0.50.

About Drone Delivery Canada

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.