Raymond James Issues Positive Forecast for Zedcor (CVE:ZDC) Stock Price

Zedcor (CVE:ZDC) had its target price boosted by Raymond James from C$3.25 to C$3.75 in a research report issued on Thursday,BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 17.19% from the stock’s current price.

Zedcor Trading Up 0.3 %

CVE ZDC opened at C$3.20 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.51 and a debt-to-equity ratio of 84.82. The stock’s 50-day simple moving average is C$2.45 and its two-hundred day simple moving average is C$1.76. Zedcor has a twelve month low of C$0.49 and a twelve month high of C$3.37. The company has a market capitalization of C$306.43 million, a price-to-earnings ratio of 170.00 and a beta of 2.48.

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

Insider Buying and Selling at Zedcor

In other news, Senior Officer Jan Marie Campbell sold 33,333 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$1.75, for a total transaction of C$58,332.75. Also, Senior Officer Kyle Jay Cammann Doenz sold 125,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$1.91, for a total value of C$238,987.50. Insiders acquired a total of 47,600 shares of company stock worth $123,477 over the last three months. Company 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.