ZCL Composites (ZCL) Price Target Cut to C$7.50

ZCL Composites (TSE:ZCL) had its target price decreased by research analysts at Raymond James from C$10.00 to C$7.50 in a research note issued on Monday. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 20.58% from the stock’s current price.

Shares of ZCL stock traded up C$0.42 during trading hours on Monday, reaching C$6.22. The stock had a trading volume of 94,124 shares, compared to its average volume of 66,148. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.11 and a current ratio of 2.18. ZCL Composites has a 12 month low of C$5.69 and a 12 month high of C$12.35.

ZCL Composites (TSE:ZCL) last released its quarterly earnings data on Thursday, August 9th. The company reported C$0.13 EPS for the quarter. The firm had revenue of C$46.81 million during the quarter. On average, analysts anticipate that ZCL Composites will post 0.639999929379318 earnings per share for the current fiscal year.

In other news, insider Edward John Redmond acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was bought at an average cost of C$7.30 per share, for a total transaction of C$73,000.00. Insiders bought 12,500 shares of company stock valued at $91,805 over the last 90 days.

ZCL Composites Company Profile

ZCL Composites Inc designs, manufactures, and supplies fiberglass reinforced plastic (FRP) underground storage tanks in Canada, the United States, and internationally. The company also manufactures and distributes liquid storage systems, including fiberglass storage tanks and related products and accessories; and produces and sells in-situ fiberglass tank and tank lining systems, and three dimensional glass fabric materials.

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