Drone Delivery Canada (CVE:FLT) Given a C$0.90 Price Target by Haywood Securities Analysts

Haywood Securities set a C$0.90 target price on Drone Delivery Canada (CVE:FLT) in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Maxim Group raised shares of Drone Delivery Canada to a “strong-buy” rating in a research report on Wednesday, December 10th. Stifel Nicolaus set a C$0.85 price objective on shares of Drone Delivery Canada and gave the stock a “buy” rating in a research report on Thursday, November 27th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Strong Buy” and a consensus target price of C$11.25.

Drone Delivery Canada Stock Performance

Shares of CVE:FLT opened at C$0.58 on Tuesday. The business has a 50-day moving average of C$0.60 and a two-hundred day moving average of C$0.61. The firm has a market capitalization of C$387.55 million, a PE ratio of -19.33 and a beta of 2.69. The company has a debt-to-equity ratio of 67.19, a current ratio of 0.46 and a quick ratio of 9.02. Drone Delivery Canada has a 12 month low of C$0.13 and a 12 month high of C$0.97.

About Drone Delivery Canada

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution. It serves governments; commercial and industrial applications, such as emergency services, medical, last-mile delivery, mining, oil and gas, agriculture, parcel delivery, postal mail, and military/security; and indigenous and non-indigenous remote communities.