BMO Capital Markets Issues Pessimistic Forecast for Evertz Technologies (TSE:ET) Stock Price

Evertz Technologies (TSE:ET) had its price target reduced by equities researchers at BMO Capital Markets from C$15.00 to C$13.50 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 21.08% from the company’s previous close.

Separately, Canaccord Genuity Group boosted their target price on shares of Evertz Technologies from C$15.25 to C$15.50 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Evertz Technologies Trading Down 2.8 %

ET stock traded down C$0.32 during midday trading on Thursday, hitting C$11.15. The stock had a trading volume of 22,462 shares, compared to its average volume of 30,526. The company’s 50-day moving average price is C$12.38 and its 200 day moving average price is C$12.35. Evertz Technologies has a 12-month low of C$11.00 and a 12-month high of C$15.39. The firm has a market cap of C$854.03 million, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.79 and a beta of 0.86. The company has a debt-to-equity ratio of 8.09, a current ratio of 2.18 and a quick ratio of 0.68.

Insider Activity

In other news, Senior Officer Douglas Moore bought 4,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were bought at an average cost of C$12.16 per share, with a total value of C$48,640.00. Insiders own 64.40% of the company’s stock.

About Evertz Technologies

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.