Raymond James Lowers Evertz Technologies (TSE:ET) Price Target to C$14.00

Evertz Technologies (TSE:ET) had its price target dropped by equities research analysts at Raymond James from C$16.00 to C$14.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 25.56% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group raised their target price on Evertz Technologies from C$15.25 to C$15.50 and gave the stock a “buy” rating in a report on Wednesday, December 11th. BMO Capital Markets decreased their target price on Evertz Technologies from C$15.00 to C$13.50 in a research note on Thursday.

Evertz Technologies Stock Performance

Shares of Evertz Technologies stock traded down C$0.32 during trading on Thursday, reaching C$11.15. The company’s stock had a trading volume of 22,462 shares, compared to its average volume of 30,526. The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.68 and a current ratio of 2.18. The firm has a market cap of C$854.03 million, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The business’s fifty day moving average price is C$12.38 and its 200-day moving average price is C$12.35. Evertz Technologies has a one year low of C$11.00 and a one year high of C$15.39.

Insider Activity at Evertz Technologies

In other Evertz Technologies news, Senior Officer Douglas Moore bought 4,000 shares of Evertz Technologies stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of C$12.16 per share, with a total value of C$48,640.00. 64.40% of the stock is currently owned by corporate insiders.

About Evertz Technologies

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.