Drone Delivery Canada (CVE:FLT) Given a C$0.90 Price Target at Haywood Securities

Drone Delivery Canada (CVE:FLT) has been assigned a C$0.90 price objective by equities researchers at Haywood Securities in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Haywood Securities’ price target suggests a potential upside of 63.64% from the stock’s current price.

FLT has been the topic of several other research reports. Stifel Nicolaus set a C$0.85 price target on shares of Drone Delivery Canada and gave the company a “buy” rating in a report on Thursday, November 27th. Maxim Group raised shares of Drone Delivery Canada to a “strong-buy” rating in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, Drone Delivery Canada currently has an average rating of “Strong Buy” and an average target price of C$11.25.

Drone Delivery Canada Stock Performance

Drone Delivery Canada stock remained flat at C$0.55 during trading hours on Tuesday. 977,877 shares of the company’s stock were exchanged, compared to its average volume of 1,567,230. Drone Delivery Canada has a 52 week low of C$0.13 and a 52 week high of C$0.97. The company’s 50-day moving average price is C$0.60 and its 200 day moving average price is C$0.61. The stock has a market capitalization of C$367.51 million, a PE ratio of -18.33 and a beta of 2.86. The company has a debt-to-equity ratio of 67.19, a quick ratio of 9.02 and a current ratio of 0.46.

Drone Delivery Canada Company Profile

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution. It serves governments; commercial and industrial applications, such as emergency services, medical, last-mile delivery, mining, oil and gas, agriculture, parcel delivery, postal mail, and military/security; and indigenous and non-indigenous remote communities.