Drone Delivery Canada (CVE:FLT) Upgraded to “Strong-Buy” at Stifel Canada

Drone Delivery Canada (CVE:FLT) was upgraded by research analysts at Stifel Canada to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Stifel Nicolaus set a C$0.85 price target on Drone Delivery Canada and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Drone Delivery Canada presently has an average rating of “Buy” and an average price target of C$16.43.

Drone Delivery Canada Stock Performance

CVE FLT opened at C$0.62 on Wednesday. The firm has a market cap of C$413.04 million, a P/E ratio of -20.67 and a beta of 2.42. Drone Delivery Canada has a 52-week low of C$0.13 and a 52-week high of C$0.97. The business’s 50-day moving average price is C$0.65 and its 200 day moving average price is C$0.50. The company has a quick ratio of 9.02, a current ratio of 0.46 and a debt-to-equity ratio of 67.19.

Drone Delivery Canada Company Profile

Drone Delivery Canada Corp. designs, develops, and implements a commercial drone-based logistics platform in Canada and internationally. The company's logistics infrastructure solution is an integrated turnkey logistics platform, which include industrial-grade drones, automated DroneSpot depots, automated battery management systems, a detect and avoid radar system, and proprietary FLYTE software to integrate various components into a solution.