Canaccord Genuity Group Forecasts Strong Price Appreciation for Zedcor (CVE:ZDC) Stock

Zedcor (CVE:ZDC) had its price target upped by investment analysts at Canaccord Genuity Group from C$5.25 to C$7.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 20.69% from the company’s previous close.

Other analysts have also issued research reports about the stock. Stifel Canada upgraded shares of Zedcor to a “strong-buy” rating in a research report on Tuesday, August 19th. National Bankshares increased their price target on shares of Zedcor from C$5.50 to C$7.50 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. National Bank Financial upgraded shares of Zedcor to a “strong-buy” rating in a research report on Monday, June 23rd. Finally, Stifel Nicolaus set a C$7.00 price target on shares of Zedcor and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Strong Buy” and an average price target of C$5.90.

Zedcor Stock Performance

CVE ZDC opened at C$5.80 on Friday. 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 firm has a market capitalization of C$610.51 million, a price-to-earnings ratio of 290.00 and a beta of 1.17. The firm’s 50 day simple moving average is C$4.73 and its 200 day simple moving average is C$3.96. Zedcor has a 1 year low of C$2.47 and a 1 year high of C$6.20.

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.