Dirtt Environmental Solutions (DRT) Lifted to “Buy” at Laurentian

Laurentian upgraded shares of Dirtt Environmental Solutions (TSE:DRT) from a hold rating to a buy rating in a research report sent to investors on Thursday morning. The firm currently has C$8.00 target price on the stock, up from their prior target price of C$6.50.

A number of other analysts have also weighed in on the stock. Raymond James upped their target price on shares of Dirtt Environmental Solutions from C$8.00 to C$8.75 and gave the stock an outperform rating in a research note on Wednesday. Industrial Alliance Securities upped their target price on shares of Dirtt Environmental Solutions from C$7.50 to C$8.00 in a research note on Thursday, August 9th.

DRT stock opened at C$7.00 on Thursday. Dirtt Environmental Solutions has a fifty-two week low of C$4.39 and a fifty-two week high of C$7.16.

Dirtt Environmental Solutions (TSE:DRT) last released its earnings results on Wednesday, August 8th. The company reported C$0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.03). The company had revenue of C$80.67 million for the quarter, compared to analysts’ expectations of C$82.29 million.

In related news, insider Barrie Arnold Loberg sold 228,703 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of C$6.36, for a total value of C$1,454,551.08. Also, insider Geoffrey William Gosling sold 79,500 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of C$6.53, for a total value of C$519,135.00. Over the last 90 days, insiders have purchased 25,300 shares of company stock worth $151,751 and have sold 611,503 shares worth $3,936,304.

Dirtt Environmental Solutions Company Profile

DIRTT Environmental Solutions Ltd. designs, manufactures, and installs customized prefabricated interiors. The company combines its proprietary 3D design, configuration, and manufacturing software with integrated in-house manufacturing of its prefabricated interior construction solutions and its distribution partner network.

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