National Bankshares Increases Zedcor (CVE:ZDC) Price Target to C$7.50

Key Points

• National Bankshares raised Zedcor's target price from C$5.50 to C$7.50, representing a potential upside of 25.63% from the stock's current price.
• Zedcor currently has a consensus rating of Strong Buy, with three analysts rating it as such and another three giving a Buy rating.
• The stock price of Zedcor recently traded at C$5.97, with a market capitalization of C$628.40 million and a 52-week trading range between C$2.39 and C$6.20.

Zedcor (CVE:ZDC - Get Free Report) had its target price lifted by National Bankshares from C$5.50 to C$7.50 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' target price suggests a potential upside of 25.63% from the stock's current price.

ZDC has been the subject of a number of other reports. Stifel Canada raised Zedcor to a "strong-buy" rating in a research note on Tuesday, August 19th. National Bank Financial raised Zedcor to a "strong-buy" rating in a research note on Monday, June 23rd. Finally, Stifel Nicolaus set a C$7.00 target price on Zedcor and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to MarketBeat, Zedcor presently has a consensus rating of "Strong Buy" and an average price target of C$5.63.

Zedcor Stock Performance

Shares of ZDC stock traded up C$0.12 during mid-day trading on Thursday, hitting C$5.97. The stock had a trading volume of 425,340 shares, compared to its average volume of 222,251. The firm has a market cap of C$628.40 million, a PE ratio of 298.50 and a beta of 1.17. The company's 50-day simple moving average is C$4.47 and its 200-day simple moving average is C$3.82. The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87. Zedcor has a fifty-two week low of C$2.39 and a fifty-two week high of C$6.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.