Canaccord Genuity Reaffirms Their Sell Rating on Distinct Infrastructure (DUG)


In a new note to investors today, an analyst has provided a rating update for Distinct Infrastructure (DUG). The company received a Sell rating from Canaccord Genuity’s analyst Yuri Lynk, with a C$0.20 price target.

According to TipRanks.com, Lynk is a 4-star analyst with an average return of 5.8% and a 51.9% success rate. Lynk covers the Basic Materials sector, focusing on stocks such as Badger Daylighting Ltd, Stantec Inc, and Fluor Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for Distinct Infrastructure with a C$1.10 average price target.

Based on Distinct Infrastructure’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$1.14 million. In comparison, last year the company had a net profit of C$1.53 million.

Distinct Infrastructure Group, Inc. offers solutions to telecommunication and cable companies, electrical providers and government operated utilities. It offers aerial construction, underground construction, technical services and third party material management. The company was founded on April 2007 and is headquartered in Toronto, Canada.

The company’s shares closed on Monday at C$0.31, close to its 52-week low of C$0.29.

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