Zedcor (CVE:ZDC) Given a C$3.25 Price Target by Raymond James Analysts

Zedcor (CVE:ZDC) has been given a C$3.25 price objective by Raymond James in a note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 16.49% from the company’s current price.

Zedcor Stock Performance

Zedcor stock opened at C$2.79 on Tuesday. The stock has a fifty day moving average price of C$2.13 and a 200 day moving average price of C$1.60. The company has a current ratio of 1.51, a quick ratio of 0.87 and a debt-to-equity ratio of 84.82. Zedcor has a 52 week low of C$0.49 and a 52 week high of C$2.89. The firm has a market capitalization of C$267.17 million, a P/E 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 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 for the quarter, compared to analyst estimates of C$6.40 million. Equities research analysts anticipate that Zedcor will post 0.0300123 earnings per share for the current year.

Insider Buying and Selling

In other Zedcor news, Senior Officer Kyle Jay Cammann Doenz purchased 44,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was purchased at an average cost of C$2.63 per share, with a total value of C$115,720.00. In other news, Senior Officer Kyle Jay Cammann Doenz acquired 44,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was bought at an average price of C$2.63 per share, with a total value of C$115,720.00. Also, Senior Officer Jan Marie Campbell sold 33,333 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$1.75, for a total transaction of C$58,332.75. In the last quarter, insiders acquired 47,600 shares of company stock valued at $123,477. 30.15% of the stock is currently owned by corporate insiders.

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.