Canaccord Genuity Raises Evertz Technologies Limited (ET) Price Target to C$20.25
Separately, Royal Bank Of Canada raised their price target on shares of Evertz Technologies Limited from C$21.00 to C$22.00 and gave the company an outperform rating in a research note on Wednesday, June 14th.
Shares of Evertz Technologies Limited (TSE ET) opened at 18.72 on Wednesday. Evertz Technologies Limited has a 12-month low of $15.72 and a 12-month high of $18.85. The firm’s 50-day moving average price is $18.09 and its 200 day moving average price is $17.27. The company has a market cap of $1.42 billion and a price-to-earnings ratio of 20.35.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 22nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.85%.
In other news, Director Rakesh Thakor Patel sold 87,048 shares of the business’s stock in a transaction dated Friday, July 7th. The shares were sold at an average price of C$17.80, for a total transaction of C$1,549,454.40. Also, insider Anthony Ronald Gridley sold 4,600 shares of the business’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of C$17.85, for a total transaction of C$82,110.00. In the last quarter, insiders have sold 231,378 shares of company stock valued at $4,144,780.
About Evertz Technologies Limited
Evertz Technologies Limited is an equipment provider to the television broadcast telecommunications and media industries. The Company designs, manufactures and markets video and audio infrastructure equipment for the production, post-production and transmission of television content. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their multi-channel digital and high definition television (HDTV) and high bandwidth low latency Internet Protocol (IP) network environments, and by telecommunications and new-media companies.
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