Zedcor Inc. (CVE:ZDC) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Zedcor Inc. (CVE:ZDC) have been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$7.54.

ZDC has been the subject of several analyst reports. Ventum Financial set a C$8.70 price target on shares of Zedcor and gave the company a “buy” rating in a research report on Friday, December 12th. Desjardins set a C$7.50 price objective on shares of Zedcor and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Canaccord Genuity Group raised their target price on shares of Zedcor from C$5.25 to C$7.00 in a research note on Friday, October 17th. Finally, National Bankshares increased their price objective on Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a report on Thursday, October 9th.

Zedcor Trading Down 0.9%

Shares of CVE ZDC opened at C$5.78 on Tuesday. Zedcor has a twelve month low of C$2.56 and a twelve month high of C$7.00. The firm has a market cap of C$610.15 million, a PE ratio of 289.00 and a beta of 1.00. The business has a fifty day simple moving average of C$6.14 and a two-hundred day simple moving average of C$4.94. The company has a quick ratio of 0.87, a current ratio of 1.14 and a debt-to-equity ratio of 78.93.

Insider Transactions at Zedcor

In other Zedcor news, Director Dean Sylvan Swanberg sold 1,000,000 shares of Zedcor stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of C$6.50, for a total transaction of C$6,500,000.00. Following the completion of the sale, the director directly owned 15,400,000 shares in the company, valued at approximately C$100,100,000. The trade was a 6.10% decrease in their position. Also, Director Dean Myles Shillington sold 2,000,000 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of C$6.45, for a total transaction of C$12,900,000.00. Following the completion of the sale, the director directly owned 744,905 shares in the company, valued at approximately C$4,804,637.25. The trade was a 72.86% decrease in their ownership of the stock. Insiders sold 4,501,800 shares of company stock worth $28,785,530 over the last three months. Corporate insiders own 30.15% of the company’s stock.

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. It serves customers in the construction, mining, oil and gas, pipeline and facilities, office, commercial, retail, industrial manufacturing, warehouse, and automotive sectors.