BMO Capital Markets Cuts Evertz Technologies (TSE:ET) Price Target to C$13.50

Evertz Technologies (TSE:ET) had its price objective decreased by BMO Capital Markets from C$15.00 to C$13.50 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Separately, Canaccord Genuity Group increased their target price on shares of Evertz Technologies from C$15.25 to C$15.50 and gave the company a “buy” rating in a research report on Wednesday, December 11th.

Evertz Technologies Stock Down 2.5 %

TSE ET opened at C$11.18 on Thursday. The business has a fifty day moving average price of C$12.35 and a 200 day moving average price of C$12.34. The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.68 and a current ratio of 2.18. The company has a market cap of C$856.33 million, a P/E ratio of 14.80, a P/E/G ratio of 0.79 and a beta of 0.86. Evertz Technologies has a one year low of C$11.00 and a one year high of C$15.39.

Evertz Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 24th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This is a positive change from Evertz Technologies’s previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.16%. Evertz Technologies’s dividend payout ratio is 103.22%.

Insider Buying and Selling

In other news, Senior Officer Douglas Moore purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of C$12.16 per share, with a total value of C$48,640.00. 64.40% of the stock is currently owned by company insiders.

About Evertz Technologies

Evertz Technologies Limited engages in the design, manufacture, and distribution of video and audio infrastructure solutions for the production, post-production, broadcast, and telecommunications markets in Canada, the United States, and internationally. The company offers contribution and distribution encoder, decoder, receiver, and processing products; and control panels, intelligent operations and controls, big data analytics, and network management systems, as well as orchestration, monitoring, and analytics solutions.