Evertz Technologies (TSE:ET) Given a C$12.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a C$12.00 price target on Evertz Technologies (TSE:ET) in a report published on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Evertz Technologies Stock Performance

Shares of TSE ET opened at C$12.30 on Friday. The company has a 50 day simple moving average of C$12.12 and a two-hundred day simple moving average of C$11.63. The stock has a market cap of C$927.53 million, a price-to-earnings ratio of 15.57, a PEG ratio of 0.79 and a beta of 0.61. The company has a current ratio of 2.18, a quick ratio of 0.68 and a debt-to-equity ratio of 8.09. Evertz Technologies has a 12 month low of C$9.45 and a 12 month high of C$13.52.

Evertz Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 25th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, September 18th. Evertz Technologies’s payout ratio is 100.63%.

About Evertz Technologies

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments.