Evertz Technologies (TSE:ET) Given New C$15.00 Price Target at Royal Bank Of Canada

Evertz Technologies (TSE:ET) had its target price increased by investment analysts at Royal Bank Of Canada from C$13.00 to C$15.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential downside of 6.60% from the company’s previous close.

Separately, BMO Capital Markets boosted their price objective on Evertz Technologies from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$14.67.

Evertz Technologies Stock Up 0.4%

TSE:ET traded up C$0.06 during trading hours on Tuesday, reaching C$16.06. The company had a trading volume of 29,325 shares, compared to its average volume of 25,778. Evertz Technologies has a twelve month low of C$9.45 and a twelve month high of C$16.24. The company has a quick ratio of 0.68, a current ratio of 2.14 and a debt-to-equity ratio of 10.31. The firm has a market cap of C$1.21 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 0.79 and a beta of 0.74. The business’s 50-day simple moving average is C$14.53 and its two-hundred day simple moving average is C$13.31.

About Evertz Technologies

Evertz Technologies Ltd is a Canadian provider of telecommunications equipment and technology solutions to the television broadcast and new-media industries. Evertz equipment is used in the production, post-production and transmission of television content. Its solutions are sold to content creators, broadcasters, and service providers looking to support multi-channel digital and high definition television, and next generation Internet Protocol environments. More than half of the firm’s revenue is generated in the United States.