Drone Delivery Canada (CVE:FLT) PT Set at C$0.90 by Haywood Securities

Drone Delivery Canada (CVE:FLT) has been assigned a C$0.90 target price by equities researchers at Haywood Securities in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Haywood Securities’ price target would suggest a potential upside of 69.81% from the stock’s previous close.

A number of other equities research analysts have also recently commented on FLT. Maxim Group raised shares of Drone Delivery Canada to a “strong-buy” rating in a report on Wednesday, December 10th. Stifel Nicolaus set a C$0.85 target price on Drone Delivery Canada and gave the stock a “buy” rating in a research report on Thursday, November 27th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Drone Delivery Canada has a consensus rating of “Strong Buy” and an average price target of C$11.25.

Drone Delivery Canada Stock Performance

CVE FLT opened at C$0.53 on Tuesday. The company has a market cap of C$354.14 million, a P/E ratio of -17.67 and a beta of 2.69. The company has a fifty day simple moving average of C$0.60 and a 200 day simple moving average of C$0.61. The company has a current ratio of 0.46, a quick ratio of 9.02 and a debt-to-equity ratio of 67.19. Drone Delivery Canada has a 12-month low of C$0.13 and a 12-month high of C$0.97.

About Drone Delivery Canada

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution. It serves governments; commercial and industrial applications, such as emergency services, medical, last-mile delivery, mining, oil and gas, agriculture, parcel delivery, postal mail, and military/security; and indigenous and non-indigenous remote communities.