In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Evertz Technologies (TSX: ET). The company received a Buy today from RBC Capital’s analyst Steve Arthur, with a C$21 price target.
Arthur has an average return of 6.1% when recommending Evertz Technologies.
According to TipRanks.com, Arthur is ranked #454 out of 4870 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Evertz Technologies with a C$19.17 average price target, a 15.6% upside from current levels. In a report released today, Canaccord Genuity also maintained a Buy rating on the stock with a C$18.50 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 16.7K.
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$16.59.
