ZCL Composites Inc. (TSE:ZCL) Price Target Cut to C$14.50
ZCL Composites Inc. (TSE:ZCL) had its price objective lowered by equities researchers at Raymond James Financial, Inc. from C$16.00 to C$14.50 in a report issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target would indicate a potential upside of 11.28% from the stock’s current price.
ZCL Composites (TSE:ZCL) opened at 13.03 on Tuesday. The company has a 50 day moving average price of $13.14 and a 200 day moving average price of $13.17. The stock has a market cap of $404.00 million and a price-to-earnings ratio of 27.20. ZCL Composites has a 52 week low of $8.81 and a 52 week high of $15.47.
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In other news, Director Ronald Marvin Bachmeier acquired 2,329 shares of ZCL Composites stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of C$12.72 per share, for a total transaction of C$29,624.88. Also, Director Leonard A. Cornez sold 15,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of C$13.06, for a total transaction of C$195,900.00.
About ZCL Composites
ZCL Composites Inc (ZCL) is a Canada-based manufacturer and supplier of fiberglass reinforced plastic (FRP) underground storage tanks. The Company also provides custom-engineered aboveground FRP and dual-laminate composite storage tanks, piping and lining systems, and related products and accessories, where corrosion resistance is a high priority.
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