Brokerages Set Zedcor Inc. (CVE:ZDC) Price Target at C$7.54

Shares of Zedcor Inc. (CVE:ZDC) have received an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$7.54.

ZDC has been the subject of a number of recent analyst reports. Ventum Financial set a C$8.70 price target on shares of Zedcor and gave the stock a “buy” rating in a report on Friday, December 12th. Desjardins set a C$7.50 price objective on shares of Zedcor and gave the company a “buy” rating in a research report on Thursday, October 23rd. National Bankshares raised their target price on Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, October 9th. Finally, Canaccord Genuity Group lifted their price target on Zedcor from C$5.25 to C$7.00 in a research note on Friday, October 17th.

Zedcor Trading Up 4.9%

ZDC opened at C$5.95 on Tuesday. The stock has a market capitalization of C$628.10 million, a price-to-earnings ratio of 297.50 and a beta of 1.00. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93. Zedcor has a twelve month low of C$2.56 and a twelve month high of C$7.00. The company has a 50-day simple moving average of C$6.13 and a 200 day simple moving average of C$5.02.

Insider Activity

In other Zedcor news, Director Dean Sylvan Swanberg sold 1,000,000 shares of Zedcor stock in a transaction dated Monday, October 27th. The stock was sold at an average price of C$6.50, for a total value of C$6,500,000.00. Following the transaction, the director owned 15,400,000 shares in the company, valued at C$100,100,000. The trade was a 6.10% decrease in their ownership of the stock. Also, Director Dean Myles Shillington sold 2,000,000 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of C$6.45, for a total value of C$12,900,000.00. Following the transaction, the director directly owned 744,905 shares of the company’s stock, valued at approximately C$4,804,637.25. The trade was a 72.86% decrease in their position. Insiders sold 4,501,800 shares of company stock worth $28,785,530 over the last ninety days. 30.15% of the stock is currently owned by 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. It serves customers in the construction, mining, oil and gas, pipeline and facilities, office, commercial, retail, industrial manufacturing, warehouse, and automotive sectors.