DIRTT Env Solution (DRT) was Upgraded to a Buy Rating at Laurentian Bank of Canada

By Ryan Adsit

In a new note to investors today, an analyst has provided a rating update for the Conglomerates sector company, DIRTT Env Solution (TSX: DRT). Elizabeth Johnston, an analyst with Laurentian Bank of Canada, has upgraded their rating on DRT to Buy , with a C$8 price target.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DIRTT Env Solution with a C$8.75 average price target, representing a 24.8% upside. In a report released yesterday, Raymond James also maintained a Buy rating on the stock with a C$8.75 price target.

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Based on DIRTT Env Solution’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$778K. In comparison, last year the company had a net profit of C$4.18 million.

DIRTT Environmental Solutions Ltd. engages in the manufacture of customized interiors. It produces its products by using three dimensional design, configuration and manufacturing software, and in-house manufacturing of its prefabricated interior construction solutions.

The company’s shares closed on Thursday at C$7.01, close to its 52-week high of C$7.10.