Raymond James Financial, Inc. Boosts Evertz Technologies Limited (ET) Price Target to C$19.50
Evertz Technologies Limited (TSE:ET) had its price target lifted by stock analysts at Raymond James Financial, Inc. from C$18.00 to C$19.50 in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price objective suggests a potential upside of 7.88% from the company’s previous close.
A number of other research firms have also weighed in on ET. Royal Bank Of Canada upped their target price on shares of Evertz Technologies Limited from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, June 14th. Canaccord Genuity upped their target price on shares of Evertz Technologies Limited from C$19.50 to C$20.25 in a report on Wednesday.
Shares of Evertz Technologies Limited (ET) traded up 1.91% during trading on Wednesday, hitting $18.42. The stock had a trading volume of 39,663 shares. Evertz Technologies Limited has a 1-year low of $15.72 and a 1-year high of $18.68. The firm has a 50-day moving average of $18.01 and a 200 day moving average of $17.24. The company has a market capitalization of $1.40 billion and a P/E ratio of 20.02.
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In related news, Director Rakesh Thakor Patel sold 126,500 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of C$18.00, for a total value of C$2,277,000.00. Also, insider Anthony Ronald Gridley sold 4,600 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of C$17.85, for a total transaction of C$82,110.00. Insiders sold a total of 232,678 shares of company stock worth $4,167,725 in the last 90 days.
About Evertz Technologies Limited
Evertz Technologies Limited is an equipment provider to the television broadcast telecommunications and media industries. The Company designs, manufactures and markets video and audio infrastructure equipment for the production, post-production and transmission of television content. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their multi-channel digital and high definition television (HDTV) and high bandwidth low latency Internet Protocol (IP) network environments, and by telecommunications and new-media companies.
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