Cormark Analysts Give Zedcor (CVE:ZDC) a C$1.70 Price Target

Zedcor (CVE:ZDC) has been assigned a C$1.70 target price by Cormark in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Cormark’s price target suggests a potential upside of 58.88% from the stock’s current price.

Zedcor Price Performance

Shares of ZDC opened at C$1.07 on Wednesday. The firm has a market capitalization of C$82.78 million, a PE ratio of 13.38 and a beta of 2.29. The company’s 50-day moving average is C$0.83 and its 200-day moving average is C$0.69. Zedcor has a fifty-two week low of C$0.49 and a fifty-two week high of C$1.19. The company has a debt-to-equity ratio of 227.93, a current ratio of 0.77 and a quick ratio of 0.87.

Zedcor (CVE:ZDC) last issued its quarterly earnings data on Wednesday, April 10th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$5.80 million during the quarter. Zedcor had a net margin of 10.66% and a return on equity of 25.74%. Equities analysts forecast that Zedcor will post 0.056 EPS for the current year.

Insider Buying and Selling at Zedcor

In other Zedcor news, Senior Officer Jan Marie Campbell sold 125,000 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of C$1.06, for a total value of C$132,500.00. In related news, Senior Officer Jan Marie Campbell sold 125,000 shares of Zedcor stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of C$1.06, for a total transaction of C$132,500.00. Also, Senior Officer James Joseph Leganchuk sold 150,000 shares of Zedcor stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of C$0.57, for a total transaction of C$85,500.00. Insiders have sold a total of 476,000 shares of company stock valued at $335,020 in the last ninety days. 37.80% of the stock is currently owned by company insiders.

Zedcor Company Profile

Zedcor Inc provides technology-based security and surveillance services in Canada. The company 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. It also engages in mobile and fixed surveillance, security guards, access control, and sensor related technology services.