ZCL Composites Inc. (TSE:ZCL) had its target price dropped by investment analysts at Raymond James Financial, Inc. from C$16.00 to C$14.50 in a research note issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price objective would indicate a potential upside of 8.45% from the company’s current price.

ZCL Composites (TSE ZCL) remained flat at $13.37 during trading on Tuesday. The company had a trading volume of 36,795 shares. The firm has a market capitalization of $414.54 million and a PE ratio of 27.91. The stock’s 50 day moving average is $13.10 and its 200 day moving average is $13.17. ZCL Composites has a 12 month low of $8.81 and a 12 month high of $15.47.

TRADEMARK VIOLATION NOTICE: “ZCL Composites Inc. (TSE:ZCL) Price Target Cut to C$14.50 by Analysts at Raymond James Financial, Inc.” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/08/zcl-composites-inc-tsezcl-price-target-cut-to-c14-50-by-analysts-at-raymond-james-financial-inc.html.

In related news, Director Ronald Marvin Bachmeier acquired 2,329 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were bought at an average price of C$12.72 per share, for a total transaction of C$29,624.88.

About ZCL Composites

ZCL Composites Inc (ZCL) is a Canada-based manufacturer and supplier of fiberglass reinforced plastic (FRP) underground storage tanks. The Company also provides custom-engineered aboveground FRP and dual-laminate composite storage tanks, piping and lining systems, and related products and accessories, where corrosion resistance is a high priority.

Receive News & Ratings for ZCL Composites Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZCL Composites Inc. and related companies with MarketBeat.com's FREE daily email newsletter.