Raymond James Keeps a Buy Rating on Evertz Technologies (ET)


Today, an analyst has provided a rating update for Evertz Technologies (ET). Analyst Steven Li from Raymond James rated Evertz Technologies (ET) a Buy, setting a C$18 price target.

According to TipRanks.com, Li is a 4-star analyst with an average return of 6.7% and a 68.6% success rate. Li covers the Technology sector, focusing on stocks such as Maxar Technologies Ltd, CGI Group, and Open Text.

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Evertz Technologies has an analyst consensus of Moderate Buy, with a price target consensus of C$18.50, a 13.4% upside from current levels. In a report released today, BMO Capital also maintained a Buy rating on the stock with a C$19 price target.

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Evertz Technologies’ market cap is currently C$1.23B and has a P/E ratio of 20. The company has a Price to Book ratio of 3.62.

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 Thursday at C$16.32.

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