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.

COPYRIGHT VIOLATION NOTICE: “ZCL Composites Inc. (ZCL) Price Target Cut to C$13.50” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/zcl-composites-inc-zcl-price-target-cut-to-c13-50/1683389.html.

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.

Receive News & Ratings for ZCL Composites Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZCL Composites Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.