Drone Delivery Canada (CVE:FLT) Given a C$0.90 Price Target by Haywood Securities Analysts

Drone Delivery Canada (CVE:FLT) has been given a C$0.90 target price by Haywood Securities in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Haywood Securities’ price target would suggest a potential upside of 63.64% from the company’s previous close.

FLT has been the topic of several other reports. Stifel Nicolaus set a C$0.85 target price on Drone Delivery Canada and gave the stock a “buy” rating in a report on Thursday, November 27th. Maxim Group raised shares of Drone Delivery Canada to a “strong-buy” rating in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Strong Buy” and a consensus price target of C$11.25.

Drone Delivery Canada Price Performance

Shares of CVE FLT remained flat at C$0.55 on Tuesday. 977,877 shares of the company’s stock were exchanged, compared to its average volume of 1,567,230. The company has a 50 day moving average of C$0.60 and a 200 day moving average of C$0.61. The stock has a market cap of C$367.51 million, a P/E ratio of -18.33 and a beta of 2.86. Drone Delivery Canada has a fifty-two week low of C$0.13 and a fifty-two week high of C$0.97. 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 Company Profile

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.