Zedcor Inc. (CVE:ZDC) Receives Average Rating of "Strong Buy" 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.

Zedcor Inc. (CVE:ZDC - Get Free Report) has earned a consensus recommendation of "Strong Buy" from the six research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$5.13.

Several analysts have weighed in on ZDC shares. Stifel Nicolaus set a C$7.00 target price on Zedcor and gave the company a "buy" rating in a report on Wednesday, August 20th. National Bank Financial raised shares of Zedcor to a "strong-buy" rating in a research note on Monday, June 23rd. Stifel Canada raised shares of Zedcor to a "strong-buy" rating in a research report on Tuesday, August 19th. Finally, National Bankshares raised their target price on Zedcor from C$5.00 to C$5.50 and gave the company an "outperform" rating in a report on Thursday, August 14th.

Zedcor Stock Performance

CVE ZDC opened at C$4.30 on Friday. The stock has a market capitalization of C$452.09 million, a price-to-earnings ratio of 214.75 and a beta of 1.16. Zedcor has a 12-month low of C$1.79 and a 12-month high of C$4.54. The business's 50 day moving average is C$4.17 and its two-hundred day moving average is C$3.58. The company has a current ratio of 1.14, a quick ratio of 0.87 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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