Cormark Analysts Give Zedcor (CVE:ZDC) a C$1.70 Price Target

Zedcor (CVE:ZDC) has been assigned a C$1.70 target price by equities researchers at Cormark in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Cormark’s target price would suggest a potential upside of 60.38% from the company’s current price.

Zedcor Stock Performance

Shares of CVE ZDC traded up C$0.01 during midday trading on Wednesday, reaching C$1.06. 115,041 shares of the company were exchanged, compared to its average volume of 204,522. The stock has a fifty day simple moving average of C$0.81 and a 200 day simple moving average of C$0.68. The company has a current ratio of 0.77, a quick ratio of 0.87 and a debt-to-equity ratio of 227.93. The stock has a market cap of C$82.00 million, a P/E ratio of 13.25 and a beta of 2.29. Zedcor has a 1 year low of C$0.49 and a 1 year high of C$1.19.

Insider Buying and Selling

In other news, Senior Officer James Joseph Leganchuk sold 200,000 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of C$0.58, for a total value of C$116,000.00. In related news, Senior Officer Jan Marie Campbell sold 125,000 shares of Zedcor stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$1.06, for a total value of C$132,500.00. Also, Senior Officer James Joseph Leganchuk sold 200,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of C$0.58, for a total value of C$116,000.00. Insiders sold a total of 476,000 shares of company stock valued at $335,020 over the last three months. 37.80% of the stock is currently owned by company insiders.

Zedcor Company Profile

Zedcor Inc provides technology-based security and surveillance services in Canada. The company 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. It also engages in mobile and fixed surveillance, security guards, access control, and sensor related technology services.