Dean Sylvan Swanberg Sells 1,000,000 Shares of Zedcor (CVE:ZDC) Stock

Zedcor Inc. (CVE:ZDC) Director Dean Sylvan Swanberg sold 1,000,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of C$6.50, for a total transaction of C$6,500,000.00. Following the completion of the transaction, 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.

Zedcor Trading Down 2.3%

Shares of CVE:ZDC opened at C$5.86 on Monday. The firm has a market cap of C$618.60 million, a price-to-earnings ratio of 293.00 and a beta of 1.26. Zedcor Inc. has a 12 month low of C$2.56 and a 12 month high of C$7.00. The company’s fifty day simple moving average is C$5.82 and its 200 day simple moving average is C$4.58. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Desjardins set a C$7.50 price target on Zedcor and gave the company a “buy” rating in a report on Thursday, October 23rd. National Bankshares lifted their target price on Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Canaccord Genuity Group upped their price target on Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th. Stifel Canada raised shares of Zedcor to a “strong-buy” rating in a research note on Tuesday, August 19th. Finally, Stifel Nicolaus set a C$7.00 price objective on shares of Zedcor and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$6.65.

About Zedcor

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.