Zedcor (CVE:ZDC) Given a C$7.50 Price Target by Desjardins Analysts

Key Points

• Desjardins has set a price target of C$7.50 for Zedcor, indicating a potential upside of 17.37% from its previous close.
• Multiple analysts have given positive ratings for Zedcor, with three analysts rating it a Strong Buy and an average price target of C$6.17.
• Zedcor's stock recently traded up by 2.2% to reach C$6.39, with a market cap of C$672.61 million.

Zedcor (CVE:ZDC - Get Free Report) has been given a C$7.50 target price by Desjardins in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Desjardins' price objective would suggest a potential upside of 17.37% from the company's previous close.

Several other research firms have also issued reports on ZDC. Stifel Nicolaus set a C$7.00 target price on Zedcor and gave the stock a "buy" rating in a research report on Wednesday, August 20th. National Bankshares upped their price objective on shares of Zedcor from C$5.50 to C$7.50 and gave the company an "outperform" rating in a research report on Thursday, October 9th. Stifel Canada upgraded Zedcor to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, Canaccord Genuity Group raised their price target on Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th. Three investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of C$6.17.

Zedcor Trading Up 2.2%

ZDC stock traded up C$0.14 during midday trading on Thursday, reaching C$6.39. The company's stock had a trading volume of 590,771 shares, compared to its average volume of 242,728. The business's 50-day simple moving average is C$4.83 and its 200-day simple moving average is C$4.02. The stock has a market cap of C$672.61 million, a PE ratio of 319.50 and a beta of 1.17. Zedcor has a 52 week low of C$2.47 and a 52 week high of C$6.57. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93.

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.

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