Canaccord Genuity Group Reiterates “C$4.25” Price Target for Zedcor (CVE:ZDC)

Zedcor (CVE:ZDC) has been assigned a C$4.25 price target by research analysts at Canaccord Genuity Group in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 23.91% from the stock’s previous close.

Separately, Raymond James boosted their price objective on Zedcor from C$3.25 to C$3.75 in a research note on Thursday, November 14th.

Zedcor Price Performance

Zedcor stock traded down C$0.05 during trading on Thursday, reaching C$3.43. The company had a trading volume of 65,430 shares, compared to its average volume of 220,005. The company has a debt-to-equity ratio of 84.82, a quick ratio of 0.87 and a current ratio of 1.51. The firm’s 50-day simple moving average is C$2.94 and its 200 day simple moving average is C$2.04. The firm has a market capitalization of C$328.46 million, a PE ratio of 170.00 and a beta of 2.48. Zedcor has a 1-year low of C$0.49 and a 1-year high of C$3.68.

Insiders Place Their Bets

In other news, Senior Officer Kyle Jay Cammann Doenz purchased 44,000 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average price of C$2.63 per share, for a total transaction of C$115,720.00. Insiders have acquired 47,600 shares of company stock valued at $123,477 in the last ninety days. 30.15% of the stock is currently owned by corporate insiders.

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.