Zedcor Inc. (CVE:ZDC) Receives C$7.54 Average PT from Brokerages

Zedcor Inc. (CVE:ZDC) has received a consensus rating of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$7.54.

Several analysts recently weighed in on ZDC shares. Canaccord Genuity Group upped their price target on Zedcor from C$5.25 to C$7.00 in a research note on Friday, October 17th. 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. Desjardins set a C$7.50 price target on Zedcor and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, National Bankshares lifted their price target 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.

Insider Activity

In related news, Director Dean Myles Shillington sold 2,000,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director owned 744,905 shares of the company’s stock, valued at C$4,804,637.25. This trade represents a 72.86% decrease in their ownership of the stock. Also, Director Dean Sylvan Swanberg sold 1,000,000 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$6.50, 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 approximately C$100,100,000. The trade was a 6.10% decrease in their ownership of the stock. Insiders sold 4,501,800 shares of company stock valued at $28,785,530 over the last ninety days. Corporate insiders own 30.15% of the company’s stock.

Zedcor Stock Down 1.9%

Shares of Zedcor stock opened at C$5.67 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 company has a 50-day moving average of C$6.13 and a 200 day moving average of C$4.96. The firm has a market cap of C$598.54 million, a price-to-earnings ratio of 283.50 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.

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