Haywood Securities Reiterates C$0.90 Price Target for Drone Delivery Canada (CVE:FLT)

Haywood Securities set a C$0.90 price objective on Drone Delivery Canada (CVE:FLT) in a research report report published on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently commented on FLT. Stifel Nicolaus set a C$0.85 price objective on shares of Drone Delivery Canada and gave the company a “buy” rating in a research report on Thursday, November 27th. Maxim Group raised shares of Drone Delivery Canada to a “strong-buy” rating in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Strong Buy” and a consensus price target of C$11.25.

Drone Delivery Canada Stock Down 3.8%

Shares of Drone Delivery Canada stock opened at C$0.51 on Tuesday. Drone Delivery Canada has a 1 year low of C$0.13 and a 1 year high of C$0.97. The company has a market cap of C$340.78 million, a P/E ratio of -17.00 and a beta of 2.69. The company has a current ratio of 0.46, a quick ratio of 9.02 and a debt-to-equity ratio of 67.19. The stock has a 50-day moving average price of C$0.60 and a 200 day moving average price of C$0.61.

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. It serves governments; commercial and industrial applications, such as emergency services, medical, last-mile delivery, mining, oil and gas, agriculture, parcel delivery, postal mail, and military/security; and indigenous and non-indigenous remote communities.