Avigilon Receives a Buy from RBC Capital

By Carrie Williams

Avigilon (TSX: AVO), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Steve Arthur from RBC Capital rated Avigilon (TSX: AVO) a Buy, setting a C$19 price target.

Arthur has an average return of 6.3% when recommending Avigilon.

According to TipRanks.com, Arthur is ranked #422 out of 4572 analysts.

Currently, the analyst consensus on Avigilon is Moderate Buy and the average price target is C$19.56, representing a 27.1% upside.

In a report issued on May 8, Canaccord Genuity also reiterated a Buy rating on the stock with a C$22 price target.

Avigilon’s market cap is currently C$671M and has a P/E ratio of 71.2.

Avigilon Corp. designs, manufactures and markets high-definition and megapixel, network-based video surveillance systems, video analytics and access control equipment for the global security markets. The company was founded by Alexander Fernandes and Wan H. Jung on October 22, 2004 and is headquartered in Vancouver, Canada.

The company’s shares closed last Monday at $15.39.