National Bankshares Increases Zedcor (CVE:ZDC) Price Target to C$5.50

Key Points

• The price target for Zedcor (CVE:ZDC) has been raised from C$5.00 to C$5.50 by National Bankshares, indicating a potential upside of 30.02% from the current price.
• National Bank Financial upgraded Zedcor to a "strong-buy" rating, reflecting positive sentiment among analysts, with a consensus rating of "Strong Buy".
• Despite the bullish outlook, Zedcor shares fell 4.9% on Thursday, trading at C$4.23 with a market cap of C$410.08 million.

Zedcor (CVE:ZDC - Free Report) had its target price upped by National Bankshares from C$5.00 to C$5.50 in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, National Bank Financial raised Zedcor to a "strong-buy" rating in a research note on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, Zedcor presently has a consensus rating of "Strong Buy" and a consensus target price of C$4.50.

Zedcor Trading Down 3.3%

Shares of CVE:ZDC traded down C$0.14 during trading on Thursday, reaching C$4.08. 84,374 shares of the company traded hands, compared to its average volume of 196,584. The firm has a market capitalization of C$395.54 million, a price-to-earnings ratio of 1,013.87 and a beta of 2.48. Zedcor has a 52-week low of C$1.57 and a 52-week high of C$4.49. The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 78.93. The business's fifty day moving average is C$4.00 and its 200-day moving average is C$3.46.

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.