Zedcor Inc. (CVE:ZDC) Receives Average Recommendation of “Buy” from Analysts

Shares of Zedcor Inc. (CVE:ZDC) have been given an average recommendation of “Buy” by the six analysts that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$7.54.

Several research firms have issued reports on ZDC. Ventum Financial set a C$8.70 target price on Zedcor and gave the stock a “buy” rating in a research note on Friday, December 12th. National Bankshares raised their price objective on Zedcor from C$5.50 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Desjardins set a C$7.50 target price on shares of Zedcor and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Canaccord Genuity Group increased their target price on shares of Zedcor from C$5.25 to C$7.00 in a research note on Friday, October 17th.

Zedcor Trading Down 0.9%

Shares of Zedcor stock opened at C$5.78 on Tuesday. 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 stock’s 50 day simple moving average is C$6.14 and its 200-day simple moving average is C$4.94. The stock has a market cap of C$610.15 million, a P/E ratio of 289.00 and a beta of 1.00. Zedcor has a 1-year low of C$2.56 and a 1-year high of C$7.00.

Insider Activity at Zedcor

In other Zedcor news, Director Dean Myles Shillington sold 2,000,000 shares of the business’s 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 value of C$12,900,000.00. Following the sale, the director owned 744,905 shares of the company’s stock, valued at C$4,804,637.25. The trade was a 72.86% decrease in their ownership of the stock. Also, Director Dean Sylvan Swanberg sold 1,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of C$6.50, for a total value of C$6,500,000.00. Following the transaction, the director owned 15,400,000 shares in the company, valued at C$100,100,000. This trade represents a 6.10% decrease in their ownership of the stock. Insiders sold a total of 4,501,800 shares of company stock valued at $28,785,530 in the last quarter. 30.15% of the stock is owned by insiders.

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. It serves customers in the construction, mining, oil and gas, pipeline and facilities, office, commercial, retail, industrial manufacturing, warehouse, and automotive sectors.