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

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

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

Evertz Technologies Stock Down 2.8 %

Shares of ET traded down C$0.32 during trading hours on Thursday, reaching C$11.15. 22,462 shares of the stock traded hands, compared to its average volume of 30,526. Evertz Technologies has a 52 week low of C$11.00 and a 52 week high of C$15.39. The stock has a fifty day simple moving average of C$12.38 and a 200 day simple moving average of C$12.35. The company has a market cap of C$854.03 million, a price-to-earnings ratio of 14.76, a PEG ratio of 0.79 and a beta of 0.86. The company has a current ratio of 2.18, a quick ratio of 0.68 and a debt-to-equity ratio of 8.09.

Insider Activity

In related 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 purchased at an average price of C$12.16 per share, with a total value of C$48,640.00. Insiders own 64.40% of the company’s stock.

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.