Evertz Technologies Limited (TSE:ET) had its target price upped by Raymond James Financial, Inc. from C$18.00 to C$19.50 in a report published on Wednesday morning. They currently have an outperform rating on the stock.
ET has been the subject of a number of other reports. Royal Bank Of Canada increased their price target on Evertz Technologies Limited from C$21.00 to C$22.00 and gave the company an outperform rating in a research note on Wednesday, June 14th. Canaccord Genuity increased their price target on Evertz Technologies Limited from C$19.50 to C$20.25 in a research note on Wednesday.
Shares of Evertz Technologies Limited (TSE ET) opened at 18.72 on Wednesday. The company has a 50 day moving average price of $18.09 and a 200-day moving average price of $17.27. Evertz Technologies Limited has a 1-year low of $15.72 and a 1-year high of $18.85. The stock has a market capitalization of $1.42 billion and a P/E ratio of 20.35.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 22nd will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, September 21st.
In other news, Director Rakesh Thakor Patel sold 126,500 shares of the firm’s stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of C$18.00, for a total transaction of C$2,277,000.00. Also, insider Anthony Ronald Gridley sold 4,600 shares of the firm’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of C$17.85, for a total value of C$82,110.00. Over the last ninety days, insiders have sold 231,378 shares of company stock valued at $4,144,780.
Evertz Technologies Limited Company Profile
Evertz Technologies Limited is an equipment provider to the television broadcast telecommunications and media industries. The Company designs, manufactures and markets video and audio infrastructure equipment for the production, post-production and transmission of television content. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their multi-channel digital and high definition television (HDTV) and high bandwidth low latency Internet Protocol (IP) network environments, and by telecommunications and new-media companies.
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