Analysts have been quite happy with Evertz Technologies (TSX: ET) stock lately, with another positive rating update this time from Raymond James. Steven Li, an analyst with Raymond James, has upgraded their rating on ET to Buy yesterday , with a C$18 price target.
According to TipRanks.com, Li is ranked #806 out of 4878 analysts.
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Currently, the analyst consensus on Evertz Technologies is a Strong Buy with an average price target of C$19.17, implying a 14.9% upside from current levels. In a report issued on September 12, RBC Capital also maintained a Buy rating on the stock with a C$21 price target.
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The company has a one-year high of C$19.73 and a one-year low of C$15.14. Currently, Evertz Technologies has an average volume of 14.32K.
Evertz Technologies Ltd. engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the television, telecommunications, and new media industries. It offers routers; infrastructure products; compression products; multi-viewers; video replay; production and post-production; master sync, clock, and test; monitoring, control, and new management system; fiber and transport products; and playout and media management. The company was founded on May 28, 1981 and is headquartered in Burlington, Canada.
The company’s shares closed on Wednesday at C$16.68.
