ZCL Composites Inc. (TSE:ZCL) Price Target Cut to C$14.50 by Analysts at Raymond James Financial, Inc.
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.
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.
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