Zedcor Inc. (CVE:ZDC) Receives C$5.13 Average Target Price from Brokerages

Key Points

• Zedcor Inc. (CVE:ZDC) has received an average rating of "Strong Buy" from six research firms, with half recommending a "buy" and half a "strong buy."
• Stifel Nicolaus recently set a target price of C$7.00 for Zedcor, indicating strong confidence in the company's stock performance.
• The current stock price as of Friday is C$4.30, with a market capitalization of C$452.09 million and notable growth shown in the past year.

Shares of Zedcor Inc. (CVE:ZDC - Get Free Report) have been given an average rating of "Strong Buy" by the six research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$5.13.

ZDC has been the subject of several recent research reports. Stifel Canada raised Zedcor to a "strong-buy" rating in a research report on Tuesday, August 19th. Stifel Nicolaus set a C$7.00 price objective on Zedcor and gave the company a "buy" rating in a research note on Wednesday, August 20th. National Bank Financial upgraded Zedcor to a "strong-buy" rating in a research note on Monday, June 23rd. Finally, National Bankshares upped their target price on shares of Zedcor from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a research note on Thursday, August 14th.

Zedcor Stock Performance

CVE ZDC traded down C$0.26 during trading hours on Friday, hitting C$4.37. The company had a trading volume of 179,820 shares, compared to its average volume of 191,693. The business has a fifty day simple moving average of C$4.19 and a 200-day simple moving average of C$3.62. The firm has a market cap of C$459.99 million, a P/E ratio of 218.50 and a beta of 1.16. Zedcor has a fifty-two week low of C$1.90 and a fifty-two week high of C$4.71. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93.

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.