Zedcor Inc. (CVE:ZDC) Receives Average Recommendation of “Buy” from Analysts

Shares of Zedcor Inc. (CVE:ZDC) have received an average rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$7.54.

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

Zedcor Stock Up 2.8%

CVE ZDC opened at C$5.94 on Friday. Zedcor has a fifty-two week low of C$2.56 and a fifty-two week high of C$7.00. The business has a fifty day moving average price of C$5.85 and a two-hundred day moving average price of C$5.24. The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87. The stock has a market capitalization of C$627.04 million, a PE ratio of 297.00 and a beta of 1.21.

Insiders Place Their Bets

In related news, Director Dean Sylvan Swanberg sold 1,000,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of C$6.50, for a total transaction of C$6,500,000.00. Following the sale, the director owned 15,400,000 shares of the company’s stock, valued at C$100,100,000. This trade represents a 6.10% decrease in their position. Also, Director Dean Myles Shillington sold 2,000,000 shares of the business’s stock in a transaction on 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 sale, the director owned 744,905 shares in the company, valued at C$4,804,637.25. This represents a 72.86% decrease in their position. In the last ninety days, insiders have sold 4,500,000 shares of company stock worth $28,775,000. Insiders own 30.15% of the company’s stock.

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. It serves customers in the construction, mining, oil and gas, pipeline and facilities, office, commercial, retail, industrial manufacturing, warehouse, and automotive sectors.