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

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 - Get Free Report) had its price objective raised by equities research analysts at National Bankshares from C$5.00 to C$5.50 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price objective suggests a potential upside of 30.02% from the company's current price.

Separately, National Bank Financial upgraded shares of Zedcor to a "strong-buy" rating in a report on Monday, June 23rd. Two investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy" and a consensus target price of C$4.50.

Zedcor Trading Down 4.9%

Shares of CVE:ZDC traded down C$0.22 during trading on Thursday, reaching C$4.23. The stock had a trading volume of 108,064 shares, compared to its average volume of 198,315. Zedcor has a fifty-two week low of C$1.57 and a fifty-two week high of C$4.49. The business has a fifty day moving average price of C$3.95 and a 200-day moving average price of C$3.44. The stock has a market cap of C$410.08 million, a P/E ratio of 1,051.14 and a beta of 2.48. 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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