Canaccord Genuity Remains a Buy on Distinct Infrastructure

By Carrie Williams

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Distinct Infrastructure (TSXV: DUG) received a Buy rating from Canaccord Genuity’s analyst Yuri Lynk, with a C$1.95 price target.

According to TipRanks.com, Lynk is a 4-star analyst with an average return of 5.6% and a 51.8% success rate. Lynk covers the Basic Materials sector, focusing on stocks such as Badger Daylighting Ltd, North American Energy, and SNC-Lavalin Group Inc.

Currently, the analyst consensus on Distinct Infrastructure is Moderate Buy and the average price target is C$2.35, representing a 62.1% upside.

In a report released yesterday, AltaCorp Captial also reiterated a Buy rating on the stock with a C$2.75 price target.

Distinct Infrastructure’s market cap is currently C$51.18M and has a P/E ratio of 49.3.

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 January 25, 2013 and is headquartered in Toronto, ON.

The company’s shares closed last Thursday at $1.45.