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

Zedcor Inc. (CVE:ZDC) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$6.65.

ZDC has been the topic of a number of research reports. Desjardins set a C$7.50 price target on Zedcor and gave the stock a “buy” rating in a research note on Thursday, October 23rd. National Bankshares upped their target price 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. Canaccord Genuity Group increased their target price on Zedcor from C$5.25 to C$7.00 in a report on Friday, October 17th. Stifel Canada raised shares of Zedcor to a “strong-buy” rating in a research report on Tuesday, August 19th. Finally, Stifel Nicolaus set a C$7.00 price target on shares of Zedcor and gave the company a “buy” rating in a research note on Wednesday, August 20th.

Insider Activity

In related news, Director Dean Sylvan Swanberg sold 1,000,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of C$6.50, for a total value of C$6,500,000.00. Following the sale, 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. Also, Director Dean Myles Shillington sold 2,000,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of C$6.45, for a total transaction of C$12,900,000.00. Following the completion of the transaction, the director directly owned 744,905 shares in the company, valued at approximately C$4,804,637.25. The trade was a 72.86% decrease in their position. Over the last three months, insiders have sold 4,501,800 shares of company stock valued at $28,785,530. 30.15% of the stock is currently owned by insiders.

Zedcor Price Performance

ZDC stock opened at C$5.98 on Friday. 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 company’s 50-day moving average is C$5.95 and its 200-day moving average is C$4.64. The stock has a market capitalization of C$631.27 million, a PE ratio of 299.00 and a beta of 1.26. Zedcor has a 1 year low of C$2.56 and a 1 year high of C$7.00.

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.