Evertz Technologies (TSE:ET) Given Sector Perform Rating at Royal Bank of Canada

Evertz Technologies (TSE:ET)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Royal Bank of Canada in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have a C$19.00 price target on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 5.50% from the stock’s previous close.

Separately, Raymond James set a C$19.00 price target on shares of Evertz Technologies and gave the company an “outperform” rating in a research report on Friday, December 13th.

TSE:ET traded up C$0.01 on Thursday, reaching C$18.01. The stock had a trading volume of 15,292 shares, compared to its average volume of 13,509. The company has a market capitalization of $1.39 billion and a P/E ratio of 18.72. Evertz Technologies has a 1-year low of C$15.47 and a 1-year high of C$19.27. The company has a quick ratio of 1.39, a current ratio of 3.13 and a debt-to-equity ratio of 10.90. The stock has a fifty day moving average price of C$17.82 and a 200-day moving average price of C$17.82.

About Evertz Technologies

Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution encoder, decoder, receiver, processing, and modulation products; and control panels, unified controls, master control switchers, accessories, and network management systems, as well as keyers, and media and logo inserters.

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