ZCL Composites Inc. (ZCL) Price Target Cut to C$13.50
ZCL Composites Inc. (TSE:ZCL) had its target price reduced by research analysts at Raymond James Financial, Inc. from C$16.00 to C$13.50 in a research note issued on Monday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target would indicate a potential upside of 22.50% from the company’s previous close.
Shares of ZCL Composites (TSE ZCL) traded down C$0.56 during trading on Monday, reaching C$11.02. 312,214 shares of the company’s stock traded hands, compared to its average volume of 45,082. ZCL Composites has a 12-month low of C$10.00 and a 12-month high of C$15.47.
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In other ZCL Composites news, Director Darcy Morris sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$13.17, for a total transaction of C$39,510.00. Also, insider Katherine Lynne Demuth acquired 15,000 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were bought at an average price of C$7.09 per share, for a total transaction of C$106,350.00. In the last 90 days, insiders have acquired 30,000 shares of company stock worth $212,700 and have sold 45,050 shares worth $590,006.
ZCL Composites Company Profile
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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