GMP FirstEnergy Sticks to Their Buy Rating for Drone Delivery Canada (FLT)

By Jason Carr

A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Deepak Kaushal from GMP FirstEnergy remains bullish on Drone Delivery Canada (FLTResearch Report) and has a C$4 price target.

According to TipRanks.com, Kaushal is a 3-star analyst with an average return of 3.2% and a 59.8% success rate. Kaushal covers the Technology sector, focusing on stocks such as Drone Delivery Canada Corp, Enghouse Systems Limited, and CGI Group.

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Drone Delivery Canada has an analyst consensus of Moderate Buy, with a price target consensus of C$4.

Drone Delivery Canada’s market cap is currently C$237.8M and has a P/E ratio of 0. The company has a Price to Book ratio of 13.14.

Drone Delivery Canada Corp. engages in the design, development, and implementation of a commercial drone delivery logistics platform. It provides Depot to Depot and Depot to Consumer drone delivery services. The Depot to Depot service focuses on rural applications providing services from warehouse to warehouse.

The company’s shares closed on Wednesday at C$1.71.