Ventum Financial Analysts Give Zedcor (CVE:ZDC) a C$8.70 Price Target

Ventum Financial set a C$8.70 price target on Zedcor (CVE:ZDC) in a report released on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently issued reports on ZDC. Canaccord Genuity Group lifted their price objective on shares of Zedcor from C$5.25 to C$7.00 in a report on Friday, October 17th. Stifel Canada raised Zedcor to a “strong-buy” rating in a research note on Tuesday, August 19th. Desjardins set a C$7.50 price objective on Zedcor and gave the stock a “buy” rating in a report on Thursday, October 23rd. National Bankshares increased their price objective 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. Finally, Stifel Nicolaus set a C$7.00 target price on Zedcor and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$7.54.

Zedcor Trading Down 1.5%

Shares of ZDC opened at C$5.80 on Friday. Zedcor has a 1-year low of C$2.56 and a 1-year high of C$7.00. The company has a market capitalization of C$612.27 million, a P/E ratio of 290.00 and a beta of 1.00. The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87. The firm’s 50 day simple moving average is C$6.16 and its 200 day simple moving average is C$4.85.

Insider Buying and Selling

In other news, Director Dean Myles Shillington sold 2,000,000 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of C$6.45, for a total transaction of C$12,900,000.00. Following the completion of the sale, the director owned 744,905 shares of the company’s stock, valued at approximately C$4,804,637.25. This represents a 72.86% decrease in their ownership of the stock. Also, Director Dean Sylvan Swanberg sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The stock was 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 in the company, valued at C$100,100,000. This represents a 6.10% decrease in their position. Insiders sold a total of 4,501,800 shares of company stock worth $28,785,530 over the last ninety days. Insiders own 30.15% of the company’s stock.

Zedcor Company Profile

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.