Zedcor Inc. (CVE:ZDC) Given Average Rating of “Buy” by Analysts

Shares of Zedcor Inc. (CVE:ZDC) have earned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$7.54.

Several equities research analysts have recently weighed in on ZDC shares. National Bankshares upped their price target 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. Desjardins set a C$7.50 price objective on shares of Zedcor and gave the company a “buy” rating in a research note on Thursday, October 23rd. Ventum Financial set a C$8.70 target price on shares of Zedcor and gave the stock a “buy” rating in a research note on Friday, December 12th. Finally, Canaccord Genuity Group boosted their price target on shares of Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th.

Insider Activity

In other news, Director Dean Sylvan Swanberg sold 1,000,000 shares of Zedcor stock in a transaction on Monday, October 27th. The shares were sold at an average price of C$6.50, for a total transaction of C$6,500,000.00. Following the completion of the sale, the director directly owned 15,400,000 shares of the company’s stock, valued at approximately C$100,100,000. The trade was a 6.10% decrease in their position. Also, Director Dean Myles Shillington sold 2,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of C$6.45, for a total transaction of C$12,900,000.00. Following the completion of the transaction, the director owned 744,905 shares of the company’s stock, valued at C$4,804,637.25. This trade represents a 72.86% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 4,501,800 shares of company stock valued at $28,785,530. 30.15% of the stock is owned by company insiders.

Zedcor Stock Performance

Shares of ZDC opened at C$5.67 on Tuesday. Zedcor has a 52-week low of C$2.56 and a 52-week high of C$7.00. The stock’s 50-day simple moving average is C$6.13 and its 200 day simple moving average is C$4.99. The company has a debt-to-equity ratio of 78.93, a quick ratio of 0.87 and a current ratio of 1.14. The stock has a market capitalization of C$598.54 million, a price-to-earnings ratio of 283.50 and a beta of 1.00.

Zedcor Company Profile

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. It serves customers in the construction, mining, oil and gas, pipeline and facilities, office, commercial, retail, industrial manufacturing, warehouse, and automotive sectors.