Distinct Infrastructure (DUG) Gets a Buy Rating from Raymond James


The Utilities sector company, Distinct Infrastructure (TSXV: DUG), has received a rating update from a Wall Street analyst today. Analyst Frederic Bastien from Raymond James reiterated a Buy rating, with a C$1.20 price target.

According to TipRanks.com, Bastien is ranked #1266 out of 4872 analysts.

Distinct Infrastructure has an analyst consensus of Moderate Buy, with a price target consensus of C$1.42.

Based on Distinct Infrastructure’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$1.07 million. In comparison, last year the company had a GAAP net loss of C$853.8K.

Distinct Infrastructure Group, Inc. offers solutions to telecommunication and cable companies, electrical providers and government operated utilities. Its services include aerial construction, underground construction, technical services and third party material management. The company was founded on September 19, 2012 and is headquartered in Toronto, Canada.

The company’s shares closed on Wednesday at C$0.77, close to its 52-week low of C$0.70.

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