ZCL Composites’ (ZCL) Outperform Rating Reiterated at Raymond James
ZCL Composites (TSE:ZCL)‘s stock had its “outperform” rating restated by analysts at Raymond James in a research report issued on Tuesday, BayStreet.CA reports. They currently have a C$7.50 target price on the stock. Raymond James’ price target would suggest a potential downside of 25.00% from the stock’s current price.
Separately, Industrial Alliance Securities restated a “strong-buy” rating and issued a C$26.50 price objective on shares of ZCL Composites in a report on Monday, January 21st.
Shares of ZCL remained flat at $C$10.00 during mid-day trading on Tuesday. 53,600 shares of the stock were exchanged, compared to its average volume of 135,575. The company has a market cap of $305.61 million and a price-to-earnings ratio of 23.92. The company has a current ratio of 1.90, a quick ratio of 1.10 and a debt-to-equity ratio of 16.33. ZCL Composites has a 1 year low of C$5.43 and a 1 year high of C$12.35.
ZCL Composites Inc designs, manufactures, and supplies fiberglass reinforced plastic (FRP) underground storage tanks in Canada, the United States, and internationally. The company also manufactures and distributes liquid storage systems, including fiberglass storage tanks and related products and accessories; and produces and sells in-situ fiberglass tank and tank lining systems, and three dimensional glass fabric materials.
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