ZCL Composites (OTC:$ZCLCF), a manufacturer of underground tanks, has recently caught the eye of a few analysts. Currently, two brokerages cover the Canadian based company. The company has received 1 ‘Buy’ rating and 1 ‘Hold’ rating from the two covering firms, noting a 50% positive rating. The current lowest target price is $7.50 and the highest target price is at $14.50 for an average of $12, which is 5.51% below the current stock price of $12.70.
ZCL Composites develops, manufactures, and markets fiberglass reinforced plastic underground storage tanks. They also provide fiberglass reinforced above ground and dual laminate composite storage tanks. They also produce and sell lining and piping systems.
In the past, the stock had been covered by a number of other brokerages, including Raymond James (NYSE:$RJF) who gave the stock a ‘Strong-Buy’ rating on November 4th and Paradigm Research who downgraded the stock to a ‘Hold’ rating on March 10.
ZCL’s total trade volume is 517.37% up for a total of 222,785 shares. It also has underperformed by 16.70% the S&P 500. They currently have a market cap of $394.30 million. It has a Price/Earnings Ratio of 19.22.
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